iShares USD Green Bond ETF (NASDAQ:BGRN) Hits New 52-Week Low – Here’s What Happened

iShares USD Green Bond ETF (NASDAQ:BGRN)’s stock price reached a new 52-week low on Monday . The stock traded as low as $46.18 and last traded at $46.22, with a volume of 36438 shares trading hands. The stock had previously closed at $46.26.

iShares USD Green Bond ETF Price Performance

The firm has a fifty day moving average of $46.90 and a 200-day moving average of $47.29.

iShares USD Green Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a $0.1742 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares USD Green Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a dividend yield of 4.5%.

Hedge Funds Weigh In On iShares USD Green Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BGRN. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in iShares USD Green Bond ETF in the second quarter valued at approximately $25,252,000. 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 worth $19,886,000 after purchasing an additional 73,909 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares USD Green Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 256,841 shares of the company’s stock valued at $12,193,000 after purchasing an additional 6,348 shares during the period. Impact Investors Inc boosted its stake in shares of iShares USD Green Bond ETF by 11.1% in the first quarter. Impact Investors Inc now owns 169,667 shares of the company’s stock valued at $8,054,000 after purchasing an additional 16,888 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of iShares USD Green Bond ETF by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 100,108 shares of the company’s stock valued at $4,752,000 after purchasing an additional 2,352 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.