iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sets New 12-Month High – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $67.53 and last traded at $67.51, with a volume of 2328 shares changing hands. The stock had previously closed at $66.81.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The stock has a market capitalization of $2.17 billion, a P/E ratio of 33.30 and a beta of -1.11. The stock’s 50-day simple moving average is $64.83 and its 200 day simple moving average is $61.92.

iShares Paris-Aligned Climate MSCI USA ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a dividend of $0.2013 per share. The ex-dividend date was Wednesday, September 25th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Paris-Aligned Climate MSCI USA ETF stock. Syntrinsic LLC grew its holdings in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) by 112.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 26,478 shares of the company’s stock after purchasing an additional 14,028 shares during the period. iShares Paris-Aligned Climate MSCI USA ETF makes up about 0.5% of Syntrinsic LLC’s portfolio, making the stock its 15th biggest position. Syntrinsic LLC owned about 0.08% of iShares Paris-Aligned Climate MSCI USA ETF worth $1,576,000 at the end of the most recent quarter.

About iShares Paris-Aligned Climate MSCI USA ETF

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.