iShares USD Green Bond ETF (NASDAQ:BGRN) Hits New 1-Year Low – Here’s Why

iShares USD Green Bond ETF (NASDAQ:BGRN – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $46.08 and last traded at $46.2820, with a volume of 20142 shares. The stock had previously closed at $46.22.

iShares USD Green Bond ETF Price Performance

The firm’s 50-day moving average price is $46.80 and its 200 day moving average price is $47.22.

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iShares USD Green Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.1742 dividend. 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. This is an increase from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Large investors have recently bought and sold shares of the stock. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in iShares USD Green Bond ETF during the second quarter worth approximately $25,252,000. C M Bidwell & Associates Ltd. acquired a new position in iShares USD Green Bond ETF in the 2nd quarter valued at $7,864,000. Bank of America Corp DE raised its holdings in iShares USD Green Bond ETF by 21.4% in the 1st quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock valued at $19,886,000 after acquiring an additional 73,909 shares during the last quarter. Impact Investors Inc lifted its stake in shares of iShares USD Green Bond ETF by 11.1% during the 1st 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 during the period. Finally, Livet Wealth LLC purchased a new position in shares of iShares USD Green Bond ETF during the 4th quarter worth $807,000.

About iShares USD Green Bond ETF

(Get Free Report)

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.

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