Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Sets New 1-Year High – Should You Buy?

Shares of Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $60.52 and last traded at $60.49, with a volume of 8298 shares. The stock had previously closed at $60.19.

Xtrackers MSCI USA Selection Equity ETF Trading Up 0.5%

The firm’s fifty day moving average price is $58.71 and its 200 day moving average price is $54.49. The stock has a market capitalization of $589.78 million, a price-to-earnings ratio of 26.55 and a beta of 0.99.

Hedge Funds Weigh In On Xtrackers MSCI USA Selection Equity ETF

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Xtrackers MSCI USA Selection Equity ETF by 96.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after buying an additional 6,041 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Xtrackers MSCI USA Selection Equity ETF by 12.8% during the 4th quarter. Ameriprise Financial Inc. now owns 36,983 shares of the company’s stock worth $1,996,000 after buying an additional 4,206 shares in the last quarter. Marshall Wace LLP acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the 2nd quarter worth approximately $230,000. Financial Gravity Asset Management Inc. acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the 1st quarter worth approximately $160,000. Finally, Arlington Trust Co LLC acquired a new stake in Xtrackers MSCI USA Selection Equity ETF during the 1st quarter worth approximately $40,000.

Xtrackers MSCI USA Selection Equity ETF Company Profile

The Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) is an exchange-traded fund that is based on the MSCI USA ESG Leaders index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, screened for environmental, social, and governance characteristics. USSG was launched on Mar 7, 2019 and is managed by Xtrackers.