iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Shares Down 0.9% – Here’s Why

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU – Get Free Report) shares fell 0.9% during trading on Monday . The company traded as low as $78.24 and last traded at $78.24. 384 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 50,100 shares. The stock had previously closed at $78.95.

iShares Paris-Aligned Climate MSCI USA ETF Price Performance

The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 32.18 and a beta of 1.06. The company’s 50-day simple moving average is $76.28 and its 200-day simple moving average is $73.25.

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iShares Paris-Aligned Climate MSCI USA ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $0.1606 per share. This represents a $0.64 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Paris-Aligned Climate MSCI USA ETF’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF stock. JPMorgan Chase & Co. bought a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,361 shares of the company’s stock, valued at approximately $242,000.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

(Get Free Report)

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. PABU was launched on Feb 8, 2022 and is managed by BlackRock.

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