iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Sets New 52-Week Low – What’s Next?

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $22.47 and last traded at $22.4850, with a volume of 53990 shares traded. The stock had previously closed at $22.53.

iShares ESG Aware USD Corporate Bond ETF Stock Down 0.1%

The company’s fifty day moving average price is $22.75 and its two-hundred day moving average price is $23.02.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.0887 dividend. The ex-dividend date was Tuesday, September 1st. This is an increase from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBT Bank N A NY raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 4,865.2% during the 1st 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 in the last quarter. First Bancorp Inc ME acquired a new position in iShares ESG Aware USD Corporate Bond ETF during the second quarter worth $55,000. PNC Financial Services Group Inc. raised its position in iShares ESG Aware USD Corporate Bond ETF by 14.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,351 shares of the company’s stock worth $101,000 after acquiring an additional 533 shares in the last quarter. Cary Street Partners Financial LLC acquired a new stake in iShares ESG Aware USD Corporate Bond ETF in the fourth quarter valued at $114,000. Finally, GreatBanc Trust CO purchased a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the 1st quarter worth $208,000.

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.