Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Hits New 52-Week High – Should You Buy?

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) shares reached a new 52-week high on Tuesday . The stock traded as high as $64.16 and last traded at $64.1490, with a volume of 6598 shares changing hands. The stock had previously closed at $64.01.

Xtrackers MSCI USA Selection Equity ETF Stock Up 0.1%

The firm has a market cap of $515.12 million, a P/E ratio of 26.55 and a beta of 1.03. The firm’s 50-day simple moving average is $62.84 and its 200 day simple moving average is $60.11.

Hedge Funds Weigh In On Xtrackers MSCI USA Selection Equity ETF

Several institutional investors have recently bought and sold shares of USSG. Flow Traders U.S. LLC purchased a new stake in Xtrackers MSCI USA Selection Equity ETF in the third quarter worth $6,443,000. JPMorgan Chase & Co. increased its holdings in Xtrackers MSCI USA Selection Equity ETF by 96.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock worth $698,000 after acquiring an additional 6,041 shares during the last quarter. Marshall Wace LLP bought a new stake in Xtrackers MSCI USA Selection Equity ETF in the 2nd quarter valued at about $230,000. Sunbelt Securities Inc. bought a new stake in Xtrackers MSCI USA Selection Equity ETF in the 3rd quarter valued at about $199,000. Finally, Farther Finance Advisors LLC purchased a new stake in Xtrackers MSCI USA Selection Equity ETF during the second quarter valued at about $43,000.

About Xtrackers MSCI USA Selection Equity ETF

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.