Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sets New 52-Week High – Should You Buy?

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $70.44 and last traded at $70.44, with a volume of 101 shares. The stock had previously closed at $69.15.

Xtrackers MSCI USA Selection Equity ETF Stock Performance

The firm has a market capitalization of $556.62 million, a price-to-earnings ratio of 26.55 and a beta of 1.04. The business’s 50 day moving average is $67.87 and its 200-day moving average is $64.73.

Institutional Investors Weigh In On Xtrackers MSCI USA Selection Equity ETF

Several hedge funds and other institutional investors have recently made changes to their positions in USSG. Cornerstone Planning Group LLC acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the 1st quarter worth about $33,000. Millstone Evans Group LLC bought a new stake in Xtrackers MSCI USA Selection Equity ETF during the 4th quarter valued at approximately $65,000. Sunbelt Securities Inc. acquired a new stake in Xtrackers MSCI USA Selection Equity ETF in the 3rd quarter valued at approximately $199,000. Marshall Wace LLP acquired a new stake in Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter valued at approximately $230,000. Finally, JPMorgan Chase & Co. increased its position in Xtrackers MSCI USA Selection Equity ETF by 96.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after buying an additional 6,041 shares during the period.

About Xtrackers MSCI USA Selection Equity ETF

The Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) is an exchange-traded fund that is based on the MSCI USA ESG Leaders index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, screened for environmental, social, and governance characteristics. USSG was launched on Mar 7, 2019 and is managed by Xtrackers.