SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) Stock Price Down 0.9% – Here’s Why

Shares of SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC) traded down 0.9% during trading on Friday . The company traded as low as $43.19 and last traded at $43.28. 8,487 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 8,244 shares. The stock had previously closed at $43.69.

SPDR MSCI ACWI Climate Paris Aligned ETF Stock Performance

The firm has a market capitalization of $181.78 million, a PE ratio of 23.74 and a beta of 0.95. The stock’s 50 day simple moving average is $42.99 and its two-hundred day simple moving average is $42.12.

SPDR MSCI ACWI Climate Paris Aligned ETF Announces Dividend

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

Institutional Trading of SPDR MSCI ACWI Climate Paris Aligned ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% during the 1st quarter. Royal Bank of Canada now owns 18,745 shares of the company’s stock worth $663,000 after acquiring an additional 710 shares during the period. Jones Financial Companies Lllp boosted its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 201.4% in the 1st quarter. Jones Financial Companies Lllp now owns 13,212 shares of the company’s stock valued at $467,000 after purchasing an additional 8,828 shares during the last quarter. Truist Financial Corp boosted its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 1.8% in the 2nd quarter. Truist Financial Corp now owns 36,468 shares of the company’s stock valued at $1,440,000 after purchasing an additional 652 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 57,641 shares of the company’s stock valued at $2,277,000 after buying an additional 2,168 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 179,024 shares of the company’s stock worth $7,071,000 after buying an additional 6,697 shares during the last quarter.

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.