iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Large Volume Increase – Still a Buy?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) shares saw an uptick in trading volume on Friday . 8,700 shares were traded 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 Stock Performance

The company has a market capitalization of $1.97 billion, a PE ratio of 33.30 and a beta of -1.11. The stock’s fifty day simple moving average is $65.58 and its 200-day simple moving average is $62.80.

iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently disclosed 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 an increase 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 Trading of iShares Paris-Aligned Climate MSCI USA ETF

An institutional investor recently raised its position in iShares Paris-Aligned Climate MSCI USA ETF stock. Syntrinsic LLC lifted its holdings in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) by 112.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,478 shares of the company’s stock after purchasing an additional 14,028 shares during the quarter. iShares Paris-Aligned Climate MSCI USA ETF comprises about 0.5% of Syntrinsic LLC’s investment portfolio, making the stock its 15th biggest position. Syntrinsic LLC owned about 0.08% of iShares Paris-Aligned Climate MSCI USA ETF worth $1,576,000 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.