iShares USD Green Bond ETF (NASDAQ:BGRN) Sets New 12-Month Low – What’s Next?

Shares of iShares USD Green Bond ETF (NASDAQ:BGRN) reached a new 52-week low during trading on Friday . The stock traded as low as $46.80 and last traded at $46.83, with a volume of 3894 shares trading hands. The stock had previously closed at $46.92.

iShares USD Green Bond ETF Stock Down 0.2%

The stock’s 50 day moving average price is $47.26 and its two-hundred day moving average price is $47.57.

iShares USD Green Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.1679 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares USD Green Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Midwest Financial Partners Investments Inc. purchased a new position in shares of iShares USD Green Bond ETF in the 4th quarter valued at about $845,000. Impact Investors Inc boosted its position in iShares USD Green Bond ETF by 11.1% during the first quarter. Impact Investors Inc now owns 169,667 shares of the company’s stock worth $8,054,000 after purchasing an additional 16,888 shares in the last quarter. Livet Wealth LLC purchased a new position in iShares USD Green Bond ETF during the fourth quarter worth approximately $807,000. Seeds Investor LLC grew its holdings in iShares USD Green Bond ETF by 9.4% in the fourth quarter. Seeds Investor LLC now owns 129,219 shares of the company’s stock valued at $6,194,000 after purchasing an additional 11,145 shares during the period. Finally, Cetera Investment Advisers grew its holdings in iShares USD Green Bond ETF by 2.4% in the first quarter. Cetera Investment Advisers now owns 64,283 shares of the company’s stock valued at $3,052,000 after purchasing an additional 1,477 shares during the period.

iShares USD Green Bond ETF Company Profile

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.