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

SPDR MSCI ACWI Climate Paris Aligned ETF (NASDAQ:NZAC)’s stock price dropped 0.2% on Thursday . The company traded as low as $43.31 and last traded at $43.37. Approximately 2,737 shares were traded during mid-day 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 Price Performance

The stock has a market cap of $183.25 million, a price-to-earnings ratio of 23.74 and a beta of 0.95. The stock’s 50-day moving average is $42.79 and its 200-day moving average is $41.73.

SPDR MSCI ACWI Climate Paris Aligned ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Tuesday, November 25th were issued a $0.6493 dividend. The ex-dividend date was Tuesday, November 25th. This represents a yield of 309.0%.

Institutional Investors Weigh In On SPDR MSCI ACWI Climate Paris Aligned ETF

Several large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% in 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 in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 57,641 shares of the company’s stock valued at $2,277,000 after acquiring an additional 2,168 shares in the last quarter. Truist Financial Corp increased its position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF by 1.8% during the second quarter. Truist Financial Corp now owns 36,468 shares of the company’s stock worth $1,440,000 after acquiring an additional 652 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter worth about $201,000. Finally, Susquehanna International Group LLP purchased a new position in SPDR MSCI ACWI Climate Paris Aligned ETF in the third quarter valued at about $2,195,000.

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.