iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Reaches New 12-Month Low – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $52.98 and last traded at $54.05, with a volume of 1263895 shares trading hands. The stock had previously closed at $54.37.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The stock has a market capitalization of $1.85 billion, a P/E ratio of 29.73 and a beta of -1.11. The business has a 50 day simple moving average of $62.89 and a 200-day simple moving average of $64.22.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.111 per share. The ex-dividend date was Tuesday, March 18th.

Institutional Trading of iShares Paris-Aligned Climate MSCI USA ETF

A hedge fund recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. Warner Financial Inc. purchased a new position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,474 shares of the company’s stock, valued at approximately $226,000.

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.