SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Stock Price Down 0.9% – Time to Sell?

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC)’s stock price was down 0.9% during trading on Friday . The stock traded as low as $43.19 and last traded at $43.28. Approximately 8,487 shares changed hands during trading, an increase of 3% from the average daily volume of 8,244 shares. The stock had previously closed at $43.69.

SPDR MSCI ACWI Climate Paris Aligned ETF Trading Down 0.9%

The stock has a market capitalization of $181.78 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. The firm has a 50-day moving average of $42.99 and a 200-day moving average of $42.12.

SPDR MSCI ACWI Climate Paris Aligned ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 25th were issued a $0.6493 dividend. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a dividend yield of 309.0%.

Institutional Investors Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the 4th quarter worth approximately $28,000. Osaic Holdings Inc. boosted its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 20.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,315 shares of the company’s stock valued at $131,000 after acquiring an additional 572 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter worth $201,000. Jane Street Group LLC purchased a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF during the second quarter worth $274,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF during the third quarter worth $294,000.

About SPDR MSCI ACWI Climate Paris Aligned ETF

The SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) is an exchange-traded fund that is based on the MSCI ACWI Climate Paris Aligned index. The fund tracks a tier-weighted index of large- and mid-cap global stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals. NZAC was launched on Nov 25, 2014 and is managed by State Street.