iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) Sees Large Volume Increase

iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) saw unusually-high trading volume on Wednesday . Approximately 27,471 shares changed hands during trading, a decline of 64% from the previous session’s volume of 76,727 shares.The stock last traded at $62.33 and had previously closed at $62.48.

iShares Paris-Aligned Climate MSCI USA ETF Stock Performance

The business’s fifty day simple moving average is $60.61 and its 200 day simple moving average is $58.29. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 33.30 and a beta of -1.11.

Institutional Investors Weigh In On 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 position in shares of iShares Paris-Aligned Climate MSCI USA ETF (NASDAQ:PABU) by 112.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,478 shares of the company’s stock after acquiring an additional 14,028 shares during the period. iShares Paris-Aligned Climate MSCI USA ETF comprises approximately 0.5% of Syntrinsic LLC’s holdings, making the stock its 15th largest holding. Syntrinsic LLC owned about 0.08% of iShares Paris-Aligned Climate MSCI USA ETF worth $1,576,000 at the end of the most recent quarter.

iShares Paris-Aligned Climate MSCI USA ETF Company Profile

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.