iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Reaches New 52-Week Low – Should You Sell?

Shares of iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) reached a new 52-week low on Wednesday . The stock traded as low as $22.47 and last traded at $22.4850, with a volume of 53990 shares trading hands. The stock had previously closed at $22.53.

iShares ESG Aware USD Corporate Bond ETF Price Performance

The business’s fifty day moving average price is $22.75 and its 200 day moving average price is $23.02.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.0887 dividend. This is a boost from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Tuesday, September 1st.

Hedge Funds Weigh In On iShares ESG Aware USD Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBT Bank N A NY lifted its position in iShares ESG Aware USD Corporate Bond ETF by 4,865.2% during the 1st quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock worth $26,000 after acquiring an additional 1,119 shares during the period. First Bancorp Inc ME purchased a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the second quarter worth approximately $55,000. PNC Financial Services Group Inc. raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 14.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,351 shares of the company’s stock worth $101,000 after purchasing an additional 533 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the fourth quarter worth $114,000. Finally, GreatBanc Trust CO acquired a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the first quarter worth $208,000.

About iShares ESG Aware USD Corporate Bond ETF

The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index. SUSC was launched on Jul 11, 2017 and is managed by BlackRock.