iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Shares Gap Down – Time to Sell?

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) shares gapped down prior to trading on Friday . The stock had previously closed at $58.55, but opened at $56.74. iShares Paris-Aligned Climate MSCI USA ETF shares last traded at $56.57, with a volume of 86,952 shares traded.

iShares Paris-Aligned Climate MSCI USA ETF Stock Up 1.6 %

The stock’s 50 day moving average price is $61.75 and its 200-day moving average price is $63.92. The stock has a market capitalization of $1.97 billion, a P/E ratio of 29.73 and a beta of -1.11.

iShares Paris-Aligned Climate MSCI USA ETF Cuts Dividend

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

Institutional Investors Weigh In On 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. acquired a new stake in iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 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.