iShares USD Green Bond ETF (NASDAQ:BGRN) Trading 0% Higher – Here’s Why

iShares USD Green Bond ETF (NASDAQ:BGRN)’s share price traded up 0% during mid-day trading on Thursday . The company traded as high as $46.95 and last traded at $46.92. 27,996 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 31,227 shares. The stock had previously closed at $46.90.

iShares USD Green Bond ETF Trading Up 0.0%

The company’s fifty day simple moving average is $47.26 and its 200 day simple moving average is $47.57.

iShares USD Green Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.1679 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BGRN. Allworth Financial LP lifted its position in shares of 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 acquiring an additional 511 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of iShares USD Green Bond ETF in the fourth quarter valued at $31,000. Robinswood Financial LLC purchased a new position in shares of iShares USD Green Bond ETF in the first quarter valued at $31,000. WFA of San Diego LLC bought a new stake in shares of iShares USD Green Bond ETF during the 2nd quarter valued at $64,000. Finally, Advisory Services Network LLC bought a new stake in shares of iShares USD Green Bond ETF during the 3rd quarter valued at $85,000.

iShares USD Green Bond ETF Company Profile

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.