iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Large Volume Increase – Time to Buy?

Shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw unusually-strong trading volume on Thursday . Approximately 17,341 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 15,905 shares.The stock last traded at $72.58 and had previously closed at $72.73.

iShares Paris-Aligned Climate MSCI USA ETF Trading Up 0.4%

The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 32.18 and a beta of 1.05. The stock’s 50 day moving average is $72.73 and its 200 day moving average is $70.98.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $0.249 per share. This represents a $1.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

An institutional investor recently bought a new position 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:PABU) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.