SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Trading 0.7% Higher – Still a Buy?

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) shares shot up 0.7% during trading on Friday . The stock traded as high as $47.20 and last traded at $47.19. 5,447 shares changed hands during trading, a decline of 40% from the average session volume of 9,096 shares. The stock had previously closed at $46.87.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Up 0.7%

The company has a market capitalization of $198.20 million, a PE ratio of 23.74 and a beta of 0.95. The business has a 50 day simple moving average of $46.04 and a 200 day simple moving average of $44.44.

SPDR MSCI ACWI Climate Paris Aligned ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, June 5th. Investors of record on Monday, June 1st were paid a $0.2952 dividend. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. lifted its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.4% during the second quarter. Raymond James Financial Inc. now owns 29,997 shares of the company’s stock worth $1,185,000 after buying an additional 422 shares during the period. Bank of America Corp DE raised its stake 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 acquiring an additional 492 shares during the last quarter. Osaic Holdings Inc. lifted its position in SPDR MSCI ACWI Climate Paris Aligned ETF by 20.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,315 shares of the company’s stock worth $131,000 after acquiring an additional 572 shares during the period. Farther Finance Advisors LLC purchased a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF during the 4th quarter valued at about $28,000. Finally, Royal Bank of Canada increased its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% in 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.

About SPDR MSCI ACWI Climate Paris Aligned ETF

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.