iShares USD Green Bond ETF (NASDAQ:BGRN) Hits New 1-Year Low – What’s Next?

iShares USD Green Bond ETF (NASDAQ:BGRN)’s stock price reached a new 52-week low on Monday . The company 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 Stock Performance

The firm has a 50 day moving average price of $46.90 and a two-hundred day moving average price of $47.29.

iShares USD Green Bond ETF Increases Dividend

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

Institutional Investors Weigh In On iShares USD Green Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new position in shares of iShares USD Green Bond ETF during the 2nd quarter valued at approximately $107,000. NewEdge Advisors LLC increased its stake in shares of iShares USD Green Bond ETF by 50.2% in the second quarter. NewEdge Advisors LLC now owns 22,305 shares of the company’s stock worth $1,059,000 after buying an additional 7,456 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of iShares USD Green Bond ETF in the second quarter worth $25,252,000. Tanager Wealth Management LLP raised its holdings in iShares USD Green Bond ETF by 1.6% in the second quarter. Tanager Wealth Management LLP now owns 15,090 shares of the company’s stock valued at $716,000 after acquiring an additional 237 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in iShares USD Green Bond ETF by 15.6% in the second quarter. Continuum Advisory LLC now owns 5,176 shares of the company’s stock valued at $246,000 after acquiring an additional 697 shares in the last quarter.

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.