iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Should You Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw unusually-high trading volume on Wednesday . Approximately 27,468 shares traded hands during mid-day trading, an increase of 98% from the previous session’s volume of 13,883 shares.The stock last traded at $70.7760 and had previously closed at $70.37.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The firm has a fifty day moving average price of $72.64 and a 200-day moving average price of $71.14. The company has a market capitalization of $2.22 billion, a P/E ratio of 32.18 and a beta of 1.05.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.249 per share. The ex-dividend date was Tuesday, December 16th. This is a boost from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16. This represents a $1.00 annualized dividend and a yield of 1.4%.

Institutional Trading of iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new position in iShares Paris-Aligned Climate MSCI USA ETF stock. Hollencrest Capital Management acquired a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 972 shares of the company’s stock, valued at approximately $65,000.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of tier-weighted US large- and mid-cap stocks selected and weighted based on ESG criteria that is compatible with the Paris Climate Agreement and carbon reduction goals. PABU was launched on Feb 8, 2022 and is managed by BlackRock.