iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw strong trading volume on Friday . 8,700 shares changed hands during mid-day trading, an increase of 43% from the previous session’s volume of 6,085 shares.The stock last traded at $65.75 and had previously closed at $64.67.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The business has a 50 day simple moving average of $65.54 and a 200 day simple moving average of $62.75. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 33.30 and a beta of -1.11.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a dividend of $0.2098 per share. This is a positive change from iShares Paris-Aligned Climate MSCI USA ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in iShares Paris-Aligned Climate MSCI USA ETF stock. Syntrinsic LLC raised its holdings in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) by 112.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,478 shares of the company’s stock after buying an additional 14,028 shares during the period. iShares Paris-Aligned Climate MSCI USA ETF makes up approximately 0.5% of Syntrinsic LLC’s portfolio, making the stock its 15th largest position. Syntrinsic LLC owned 0.08% of iShares Paris-Aligned Climate MSCI USA ETF worth $1,576,000 as of its most recent SEC filing.

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.