iShares USD Green Bond ETF (NASDAQ:BGRN) Hits New 52-Week Low – Time to Sell?

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

iShares USD Green Bond ETF Trading Down 0.2%

The firm has a fifty day simple moving average of $47.26 and a 200 day simple moving average of $47.57.

iShares USD Green Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.1679 dividend. This represents a c) annualized dividend and a dividend 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

Large investors have recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its stake 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 buying an additional 199,292 shares during the last quarter. Betterment LLC lifted its stake in shares of iShares USD Green Bond ETF by 6.9% during the fourth quarter. Betterment LLC now owns 1,345,583 shares of the company’s stock worth $64,507,000 after buying an additional 86,489 shares during the period. Bank of America Corp DE lifted its stake 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 buying an additional 73,909 shares during the period. Citadel Advisors LLC purchased a new stake in shares of iShares USD Green Bond ETF during the third quarter valued at $2,085,000. Finally, Zevin Asset Management LLC purchased a new stake in shares of iShares USD Green Bond ETF during the fourth quarter valued at $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.