iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Hits New 52-Week High – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) reached a new 52-week high during trading on Friday . The company traded as high as $77.73 and last traded at $77.73, with a volume of 333 shares traded. The stock had previously closed at $77.05.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The stock has a market cap of $2.45 billion, a P/E ratio of 32.18 and a beta of 1.05. The company has a 50-day simple moving average of $71.06 and a 200-day simple moving average of $71.47.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a $0.1402 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 17th.

Institutional Investors Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. acquired a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,361 shares of the company’s stock, valued at approximately $242,000.

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.