iShares USD Green Bond ETF (NASDAQ:BGRN) Hits New 1-Year Low – Time to Sell?

iShares USD Green Bond ETF (NASDAQ:BGRN) reached a new 52-week low during trading on Monday . The stock traded as low as $46.18 and last traded at $46.22, with a volume of 36438 shares changing hands. The stock had previously closed at $46.26.

iShares USD Green Bond ETF Trading Down 0.2%

The company’s fifty day moving average is $46.86 and its two-hundred day moving average is $47.26.

iShares USD Green Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.1742 per share. The ex-dividend date was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%. This is an increase from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. C M Bidwell & Associates Ltd. acquired a new position in shares of iShares USD Green Bond ETF during the second quarter worth approximately $7,864,000. Bank of America Corp DE increased its position in iShares USD Green Bond ETF by 21.4% in the 1st quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock valued at $19,886,000 after acquiring an additional 73,909 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in iShares USD Green Bond ETF in the 2nd quarter valued at approximately $25,252,000. Midwest Financial Partners Investments Inc. bought a new stake in iShares USD Green Bond ETF during the 4th quarter valued at $845,000. Finally, Livet Wealth LLC acquired a new position in iShares USD Green Bond ETF during the 4th quarter worth $807,000.

About iShares USD Green Bond ETF

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.