iShares ESG Advanced Total USD Bond Market ETF (NYSEARCA:EUSB) Hits New 12-Month Low – Should You Sell?

iShares ESG Advanced Total USD Bond Market ETF (NYSEARCA:EUSB)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $42.75 and last traded at $42.75, with a volume of 1977 shares changing hands. The stock had previously closed at $42.95.

iShares ESG Advanced Total USD Bond Market ETF Stock Down 0.3%

The company’s fifty day moving average price is $43.25 and its two-hundred day moving average price is $43.61.

Hedge Funds Weigh In On iShares ESG Advanced Total USD Bond Market ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in iShares ESG Advanced Total USD Bond Market ETF by 2.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,669 shares of the company’s stock worth $732,000 after buying an additional 437 shares during the last quarter. Whitegate Investment Counselors Inc. raised its stake in shares of iShares ESG Advanced Total USD Bond Market ETF by 16.2% in the first quarter. Whitegate Investment Counselors Inc. now owns 6,018 shares of the company’s stock valued at $262,000 after acquiring an additional 839 shares during the last quarter. Rossby Financial LCC raised its stake in shares of iShares ESG Advanced Total USD Bond Market ETF by 5.7% in the fourth quarter. Rossby Financial LCC now owns 6,701 shares of the company’s stock valued at $294,000 after acquiring an additional 362 shares during the last quarter. Triumph Capital Management bought a new position in shares of iShares ESG Advanced Total USD Bond Market ETF in the third quarter valued at approximately $27,000. Finally, FSB Premier Wealth Management Inc. acquired a new position in shares of iShares ESG Advanced Total USD Bond Market ETF in the 2nd quarter worth approximately $272,000.

About iShares ESG Advanced Total USD Bond Market ETF

The iShares ESG Advanced Total USD Bond Market ETF (EUSB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad array of USD-denominated bonds, without restriction of credit quality or duration, from issuers with favorable ESG ratings as viewed by MSCI research and screened further to remove those issuers for involvement in controversial activities. EUSB was launched on Jun 23, 2020 and is managed by BlackRock.