iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Large Volume Increase – Time to Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) shares saw an uptick in trading volume on Thursday . 17,341 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 15,905 shares.The stock last traded at $72.58 and had previously closed at $72.73.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05. The stock has a fifty day moving average of $72.73 and a two-hundred day moving average of $70.98.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $0.249 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16. This represents a $1.00 annualized dividend and a dividend 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 bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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.