iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Sees Large Volume Increase – Here’s Why

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) saw an uptick in trading volume on Thursday . 1,021,065 shares were traded during mid-day trading, an increase of 302% from the previous session’s volume of 254,245 shares.The stock last traded at $23.15 and had previously closed at $23.13.

iShares ESG Aware USD Corporate Bond ETF Stock Up 0.2%

The stock’s fifty day simple moving average is $23.11 and its 200-day simple moving average is $23.33.

iShares ESG Aware USD Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.0876 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUSC. NewEdge Advisors LLC lifted its holdings in iShares ESG Aware USD Corporate Bond ETF by 1.7% in the 2nd quarter. NewEdge Advisors LLC now owns 87,097 shares of the company’s stock valued at $2,023,000 after purchasing an additional 1,472 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in iShares ESG Aware USD Corporate Bond ETF by 5.3% in the 3rd quarter. Golden State Wealth Management LLC now owns 18,370 shares of the company’s stock valued at $433,000 after purchasing an additional 919 shares in the last quarter. Transcend Capital Advisors LLC purchased a new position in iShares ESG Aware USD Corporate Bond ETF in the 3rd quarter valued at about $206,000. Jones Financial Companies Lllp lifted its holdings in iShares ESG Aware USD Corporate Bond ETF by 11.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 25,856 shares of the company’s stock valued at $608,000 after purchasing an additional 2,628 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new position in iShares ESG Aware USD Corporate Bond ETF in the 3rd quarter valued at about $210,000.

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.