iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Shares Down 0.6% – Here’s Why

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC)’s share price traded down 0.6% during trading on Tuesday . The stock traded as low as $23.14 and last traded at $23.14. 149,286 shares traded hands during trading, a decline of 53% from the average daily volume of 315,077 shares. The stock had previously closed at $23.27.

iShares ESG Aware USD Corporate Bond ETF Price Performance

The company’s 50-day simple moving average is $23.10 and its 200-day simple moving average is $23.27.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be paid a $0.088 dividend. This is a boost from iShares ESG Aware USD Corporate Bond ETF’s previous dividend of $0.09. The ex-dividend date is Wednesday, July 1st.

Institutional Investors Weigh In On iShares ESG Aware USD Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBT Bank N A NY boosted its position in iShares ESG Aware USD Corporate Bond ETF by 4,865.2% in the 1st quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock valued at $26,000 after buying an additional 1,119 shares during the last quarter. Millstone Evans Group LLC purchased a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the fourth quarter worth about $75,000. Ameriflex Group Inc. increased its position in shares of iShares ESG Aware USD Corporate Bond ETF by 33.5% during the third quarter. Ameriflex Group Inc. now owns 3,514 shares of the company’s stock worth $83,000 after acquiring an additional 882 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 13.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,925 shares of the company’s stock worth $92,000 after acquiring an additional 465 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new position in shares of iShares ESG Aware USD Corporate Bond ETF in the fourth quarter worth about $114,000.

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.