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

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC)’s stock price hit a new 52-week low on Wednesday. The stock traded as low as $22.27 and last traded at $22.2650, with a volume of 121820 shares trading hands. The stock had previously closed at $22.46.

iShares ESG Aware USD Corporate Bond ETF Trading Down 0.6%

The firm’s fifty day simple moving average is $22.61 and its 200 day simple moving average is $22.92.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.0887 dividend. This represents a $1.06 annualized dividend and a yield of 4.8%. This is a boost from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.0883. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. NBT Bank N A NY raised its position in shares of 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 in the last quarter. First Bancorp Inc ME purchased a new position in iShares ESG Aware USD Corporate Bond ETF in the second quarter valued at approximately $55,000. PNC Financial Services Group Inc. raised its holdings in 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 in the last quarter. Cary Street Partners Financial LLC acquired a new stake in iShares ESG Aware USD Corporate Bond ETF during the fourth quarter worth approximately $114,000. Finally, GreatBanc Trust CO purchased a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the 1st quarter worth approximately $208,000.

iShares ESG Aware USD Corporate Bond ETF Company Profile

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.