iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Shares Down 6.8% – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU)’s stock price dropped 6.8% during mid-day trading on Monday . The company traded as low as $54.37 and last traded at $53.82. Approximately 983 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 85,219 shares. The stock had previously closed at $57.72.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The firm has a market capitalization of $1.94 billion, a P/E ratio of 29.73 and a beta of -1.11. The business has a 50 day moving average price of $62.38 and a 200 day moving average price of $64.07.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

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

Institutional Trading of iShares Paris-Aligned Climate MSCI USA ETF

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

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.