iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) Sees Strong Trading Volume After Dividend Announcement

Shares of iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) saw unusually-high trading volume on Tuesday after the company announced a dividend. Approximately 93,019 shares were traded during trading, an increase of 762% from the previous session’s volume of 10,797 shares.The stock last traded at $77.49 and had previously closed at $77.84.

The newly announced dividend which will be paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.2196 per share. This is an increase from iShares Climate Conscious & Transition MSCI USA ETF’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, September 16th.

iShares Climate Conscious & Transition MSCI USA ETF Stock Down 0.3%

The company has a market cap of $2.52 billion, a PE ratio of 25.52 and a beta of 1.03. The business has a 50-day simple moving average of $75.67 and a 200-day simple moving average of $71.03.

Hedge Funds Weigh In On iShares Climate Conscious & Transition MSCI USA ETF

A hedge fund recently raised its stake in iShares Climate Conscious & Transition MSCI USA ETF stock. Atlantic Union Bankshares Corp boosted its holdings in shares of iShares Climate Conscious & Transition MSCI USA ETF (NASDAQ:USCL) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 171,629 shares of the company’s stock after purchasing an additional 5,833 shares during the quarter. Atlantic Union Bankshares Corp owned approximately 0.53% of iShares Climate Conscious & Transition MSCI USA ETF worth $11,533,000 at the end of the most recent reporting period.

About iShares Climate Conscious & Transition MSCI USA ETF

The iShares Climate Conscious & Transition MSCI USA ETF (USCL) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of large- and mid-cap US companies selected as leaders in their respective GICS sectors in managing the transition to a low carbon economy, as determined by MSCI.