SPDR MSCI USA Climate Paris Aligned ETF (NASDAQ:NZUS) Shares Down 2.1% – What’s Next?

SPDR MSCI USA Climate Paris Aligned ETF (NASDAQ:NZUS)’s share price dropped 2.1% on Tuesday . The company traded as low as $34.21 and last traded at $33.68. Approximately 8 shares were traded during trading, a decline of 99% from the average daily volume of 1,000 shares. The stock had previously closed at $34.42.

SPDR MSCI USA Climate Paris Aligned ETF Stock Performance

The firm has a market cap of $2.69 million, a P/E ratio of 31.50 and a beta of 1.05. The business’s 50-day simple moving average is $35.24 and its 200 day simple moving average is $35.22.

SPDR MSCI USA Climate Paris Aligned ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Monday, March 2nd will be issued a $0.0551 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.22 annualized dividend and a dividend yield of 0.7%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SPDR MSCI USA Climate Paris Aligned ETF stock. Aberdeen Group plc raised its position in shares of SPDR MSCI USA Climate Paris Aligned ETF (NASDAQ:NZUS) by 46.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,327 shares of the company’s stock after purchasing an additional 5,780 shares during the quarter. Aberdeen Group plc owned 22.91% of SPDR MSCI USA Climate Paris Aligned ETF worth $659,000 as of its most recent SEC filing.

SPDR MSCI USA Climate Paris Aligned ETF Company Profile

The SPDR MSCI USA Climate Paris Aligned ETF (NZUS) is an exchange-traded fund that is based on the MSCI USA Climate Paris Aligned index. The fund tracks a tier-weighted index of large- and mid-cap US stocks selected and weighted based on ESG criteria that are compatible with the Paris Climate Agreement and carbon reduction goals. NZUS was launched on Apr 21, 2022 and is managed by State Street.