iShares USD Green Bond ETF (NASDAQ:BGRN) Hits New 12-Month Low – Should You Sell?

iShares USD Green Bond ETF (NASDAQ:BGRN)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $46.08 and last traded at $46.2820, with a volume of 20142 shares changing hands. The stock had previously closed at $46.22.

iShares USD Green Bond ETF Stock Performance

The company has a 50-day moving average of $46.80 and a two-hundred day moving average of $47.22.

iShares USD Green Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.1742 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. 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

Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP increased its position in iShares USD Green Bond ETF by 429.4% during the fourth quarter. Allworth Financial LP now owns 630 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares during the last quarter. Robinswood Financial LLC acquired a new position in shares of iShares USD Green Bond ETF in the 1st quarter valued at $31,000. Integrated Wealth Concepts LLC acquired a new position in iShares USD Green Bond ETF in the second quarter valued at $107,000. Continuum Advisory LLC purchased a new stake in iShares USD Green Bond ETF during the first quarter valued at about $213,000. Finally, Morton Brown Family Wealth LLC grew its position in iShares USD Green Bond ETF by 31.6% during the first quarter. Morton Brown Family Wealth LLC now owns 4,877 shares of the company’s stock valued at $232,000 after acquiring an additional 1,172 shares during the period.

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.