iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Strong Trading Volume – Should You Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw an uptick in trading volume on Wednesday . 110,213 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 152,601 shares.The stock last traded at $66.69 and had previously closed at $65.66.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 0.9 %

The stock has a market cap of $1.91 billion, a P/E ratio of 33.30 and a beta of -1.11. The company’s 50 day moving average price is $65.79 and its two-hundred day moving average price is $63.29.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

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

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 44.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,349 shares of the company’s stock after buying an additional 11,871 shares during the quarter. iShares Paris-Aligned Climate MSCI USA ETF comprises 0.8% of Syntrinsic LLC’s holdings, making the stock its 14th largest position. Syntrinsic LLC owned 0.12% of iShares Paris-Aligned Climate MSCI USA ETF worth $2,432,000 as of its most recent SEC filing.

About iShares Paris-Aligned Climate MSCI USA ETF

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.