SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Shares Break Above 200 Day Moving Average – Time to Sell?

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC)’s share price passed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $44.98 and traded as high as $45.99. SPDR MSCI ACWI Climate Paris Aligned ETF shares last traded at $45.8950, with a volume of 88,565 shares trading hands.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

The stock has a 50-day moving average of $46.40 and a 200-day moving average of $45.00. The firm has a market cap of $193.28 million, a price-to-earnings ratio of 21.80 and a beta of 0.96.

Hedge Funds Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.2% in the first quarter. PNC Financial Services Group Inc. now owns 190,081 shares of the company’s stock valued at $7,726,000 after purchasing an additional 2,164 shares during the last quarter. JNBA Financial Advisors bought a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the second quarter worth $33,000. Envestnet Asset Management Inc. boosted its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 18.7% during the second quarter. Envestnet Asset Management Inc. now owns 62,003 shares of the company’s stock worth $2,847,000 after purchasing an additional 9,772 shares during the last quarter. Fingerlakes Wealth Management Inc. boosted its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 2.0% during the third quarter. Fingerlakes Wealth Management Inc. now owns 12,021 shares of the company’s stock worth $558,000 after purchasing an additional 237 shares during the last quarter. Finally, Invera Wealth Advisors LLC boosted its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 6.2% during the third quarter. Invera Wealth Advisors LLC now owns 18,585 shares of the company’s stock worth $863,000 after purchasing an additional 1,087 shares during the last quarter.

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.