iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Time to Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) shares saw an uptick in trading volume on Friday . 25,033 shares traded hands during trading, an increase of 96% from the previous session’s volume of 12,767 shares.The stock last traded at $72.9280 and had previously closed at $73.09.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The business’s 50 day moving average is $72.79 and its 200-day moving average is $70.85. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.249 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.4%. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. Hollencrest Capital Management bought a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 972 shares of the company’s stock, valued at approximately $65,000.

About iShares Paris-Aligned Climate MSCI USA ETF

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of tier-weighted US large- and mid-cap stocks selected and weighted based on ESG criteria that is compatible with the Paris Climate Agreement and carbon reduction goals. PABU was launched on Feb 8, 2022 and is managed by BlackRock.