Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG) Reaches New 1-Year High – Should You Buy?

Xtrackers MSCI USA Selection Equity ETF (NYSEARCA:USSG)’s share price hit a new 52-week high on Friday . The company traded as high as $62.59 and last traded at $62.62, with a volume of 2038 shares traded. The stock had previously closed at $62.06.

Xtrackers MSCI USA Selection Equity ETF Stock Performance

The firm has a market cap of $499.76 million, a P/E ratio of 26.55 and a beta of 0.99. The company’s 50 day moving average is $60.47 and its 200 day moving average is $56.67.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the second quarter valued at about $43,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the first quarter valued at about $160,000. Arlington Trust Co LLC acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the first quarter valued at about $40,000. JPMorgan Chase & Co. grew its holdings in shares of Xtrackers MSCI USA Selection Equity ETF by 96.9% during the second quarter. JPMorgan Chase & Co. now owns 12,275 shares of the company’s stock valued at $698,000 after buying an additional 6,041 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Xtrackers MSCI USA Selection Equity ETF during the second quarter valued at about $230,000.

Xtrackers MSCI USA Selection Equity ETF Company Profile

The Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) is an exchange-traded fund that is based on the MSCI USA ESG Leaders index. The fund tracks a market cap-weighted index of US large- and mid-cap stocks, screened for environmental, social, and governance characteristics. USSG was launched on Mar 7, 2019 and is managed by Xtrackers.