iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Reaches New 1-Year Low – Should You Sell?

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.60 and last traded at $23.39, with a volume of 110235 shares. The stock had previously closed at $23.43.

iShares ESG Aware USD Corporate Bond ETF Price Performance

The company’s 50-day simple moving average is $23.45 and its 200 day simple moving average is $23.40.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.0887 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.09.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUSC. JPMorgan Chase & Co. raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,372,660 shares of the company’s stock valued at $103,020,000 after acquiring an additional 493,212 shares in the last quarter. NewEdge Advisors LLC grew its position in iShares ESG Aware USD Corporate Bond ETF by 7.8% in the third quarter. NewEdge Advisors LLC now owns 93,860 shares of the company’s stock valued at $2,211,000 after acquiring an additional 6,763 shares during the period. United Capital Financial Advisors LLC increased its position in shares of iShares ESG Aware USD Corporate Bond ETF by 42.8% during the 3rd quarter. United Capital Financial Advisors LLC now owns 203,000 shares of the company’s stock worth $4,783,000 after purchasing an additional 60,806 shares in the last quarter. Flow Traders U.S. LLC raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 78.6% in the third quarter. Flow Traders U.S. LLC now owns 56,556 shares of the company’s stock valued at $1,332,000 after acquiring an additional 24,882 shares during the last quarter. Finally, One Capital Management LLC bought a new position in iShares ESG Aware USD Corporate Bond ETF in the 3rd quarter valued at $1,177,000.

About iShares ESG Aware USD Corporate Bond ETF

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.