iShares USD Green Bond ETF (NASDAQ:BGRN) Shares Up 0% – Time to Buy?

iShares USD Green Bond ETF (NASDAQ:BGRN) shares shot up 0% during trading on Thursday . The company traded as high as $46.95 and last traded at $46.92. 27,996 shares were traded during trading, a decline of 10% from the average session volume of 31,227 shares. The stock had previously closed at $46.90.

iShares USD Green Bond ETF Stock Down 0.1%

The firm has a 50 day moving average price of $47.25 and a 200 day moving average price of $47.56.

iShares USD Green Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares USD Green Bond ETF

Several large investors have recently bought and sold shares of BGRN. Mercer Global Advisors Inc. ADV boosted its holdings in iShares USD Green Bond ETF by 26.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 946,916 shares of the company’s stock worth $45,573,000 after acquiring an additional 199,292 shares during the last quarter. Betterment LLC raised its holdings in shares of iShares USD Green Bond ETF by 6.9% in the fourth quarter. Betterment LLC now owns 1,345,583 shares of the company’s stock valued at $64,507,000 after purchasing an additional 86,489 shares during the last quarter. Bank of America Corp DE lifted its position in shares of iShares USD Green Bond ETF by 21.4% during the first quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock valued at $19,886,000 after purchasing an additional 73,909 shares in the last quarter. Citadel Advisors LLC purchased a new position in iShares USD Green Bond ETF during the third quarter worth about $2,085,000. Finally, Zevin Asset Management LLC purchased a new position in iShares USD Green Bond ETF during the fourth quarter worth about $1,781,000.

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.