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

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $78.56 and last traded at $78.56, with a volume of 2256 shares traded. The stock had previously closed at $78.06.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.0%

The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05. The business’s 50-day moving average is $71.80 and its two-hundred day moving average is $71.59.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $0.1402 dividend. This represents a $0.56 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, March 17th.

Hedge Funds Weigh In On iShares Paris-Aligned Climate MSCI USA ETF

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABUFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,361 shares of the company’s stock, valued at approximately $242,000.

About iShares Paris-Aligned Climate MSCI USA ETF

(Get Free Report)

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.

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