iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Stock Jumps 0.8% – What’s Next?

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) shares rose 0.8% during mid-day trading on Thursday. The stock traded as high as $22.37 and last traded at $22.34. 236,338 shares changed hands during trading, a decline of 18% from the average session volume of 289,667 shares. The stock had previously closed at $22.16.

iShares ESG Aware USD Corporate Bond ETF Stock Performance

The firm has a 50 day moving average price of $22.32 and a 200-day moving average price of $22.77.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.0889 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.0887. This represents a $1.07 dividend on an annualized basis and a yield of 4.8%.

Hedge Funds Weigh In On iShares ESG Aware USD Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NBT Bank N A NY lifted its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 4,865.2% in the first quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock worth $26,000 after buying an additional 1,119 shares during the last quarter. First Bancorp Inc ME acquired a new position in iShares ESG Aware USD Corporate Bond ETF in the 2nd quarter valued at $55,000. PNC Financial Services Group Inc. grew its stake in iShares ESG Aware USD Corporate Bond ETF by 14.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,351 shares of the company’s stock valued at $101,000 after buying an additional 533 shares during the last quarter. GreatBanc Trust CO acquired a new position in iShares ESG Aware USD Corporate Bond ETF in the 1st quarter valued at $208,000. Finally, Morton Brown Family Wealth LLC grew its stake in iShares ESG Aware USD Corporate Bond ETF by 32.0% in the 1st quarter. Morton Brown Family Wealth LLC now owns 9,991 shares of the company’s stock valued at $231,000 after buying an additional 2,420 shares during the last quarter.

iShares ESG Aware USD Corporate Bond ETF Company Profile

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.