SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Shares Up 1.1% – Should You Buy?

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) shares rose 1.1% during mid-day trading on Wednesday . The company traded as high as $41.41 and last traded at $41.11. Approximately 4,858 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 15,406 shares. The stock had previously closed at $40.65.

SPDR MSCI ACWI Climate Paris Aligned ETF Price Performance

The company has a market capitalization of $172.66 million, a P/E ratio of 23.74 and a beta of 0.95. The firm’s 50-day moving average is $42.33 and its 200-day moving average is $42.62.

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

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. increased its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.4% in the 2nd quarter. Raymond James Financial Inc. now owns 29,997 shares of the company’s stock worth $1,185,000 after purchasing an additional 422 shares in the last quarter. Bank of America Corp DE raised its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 0.9% in the 3rd quarter. Bank of America Corp DE now owns 57,941 shares of the company’s stock worth $2,456,000 after purchasing an additional 492 shares during the period. Osaic Holdings Inc. lifted its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 20.9% during the second quarter. Osaic Holdings Inc. now owns 3,315 shares of the company’s stock valued at $131,000 after purchasing an additional 572 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF during the fourth quarter valued at $28,000. Finally, Royal Bank of Canada grew its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% during the first quarter. Royal Bank of Canada now owns 18,745 shares of the company’s stock valued at $663,000 after purchasing an additional 710 shares during the period.

SPDR MSCI ACWI Climate Paris Aligned ETF Company Profile

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.