SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Stock Price Down 0.2% – Time to Sell?

Shares of SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) were down 0.2% on Thursday . The stock traded as low as $43.31 and last traded at $43.37. Approximately 2,737 shares changed hands during trading, a decline of 55% from the average daily volume of 6,147 shares. The stock had previously closed at $43.47.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

The stock has a market cap of $182.15 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. The business’s 50 day moving average is $42.79 and its 200-day moving average is $41.67.

SPDR MSCI ACWI Climate Paris Aligned ETF Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.6493 per share. The ex-dividend date of this dividend was Tuesday, November 25th. This represents a dividend yield of 309.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP purchased a new stake in SPDR MSCI ACWI Climate Paris Aligned ETF during the 3rd quarter worth approximately $2,195,000. Flow Traders U.S. LLC acquired a new stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter worth approximately $294,000. Bank of America Corp DE increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 0.9% during the third quarter. Bank of America Corp DE now owns 57,941 shares of the company’s stock worth $2,456,000 after purchasing an additional 492 shares in the last quarter. UBS Group AG raised its stake in SPDR MSCI ACWI Climate Paris Aligned ETF by 9.1% in the 3rd quarter. UBS Group AG now owns 19,911 shares of the company’s stock valued at $844,000 after purchasing an additional 1,661 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the 3rd quarter valued at $201,000.

SPDR MSCI ACWI Climate Paris Aligned ETF Company Profile

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.