iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Stock Price Up 1.1% – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) shares traded up 1.1% on Tuesday . The stock traded as high as $76.24 and last traded at $76.22. Approximately 30,498 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 62,365 shares. The stock had previously closed at $75.39.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 32.18 and a beta of 1.06. The business’s 50-day moving average is $76.08 and its 200-day moving average is $72.30.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $0.1606 per share. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. bought a new position in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.