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

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $22.27 and last traded at $22.2650, with a volume of 121820 shares. The stock had previously closed at $22.46.

iShares ESG Aware USD Corporate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $22.64 and its 200 day simple moving average is $22.94.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.0887 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 4.8%.

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

A number of institutional investors have recently modified their holdings of SUSC. Cornerstone Financial Management LLC boosted its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 10.9% in the second quarter. Cornerstone Financial Management LLC now owns 17,344 shares of the company’s stock worth $402,000 after buying an additional 1,699 shares during the last quarter. Blue Edge Capital LLC acquired a new position in shares of iShares ESG Aware USD Corporate Bond ETF in the 2nd quarter valued at $360,000. First Bancorp Inc ME purchased a new stake in iShares ESG Aware USD Corporate Bond ETF during the second quarter worth $55,000. McIlrath & Eck LLC grew its position in iShares ESG Aware USD Corporate Bond ETF by 2.3% during the first quarter. McIlrath & Eck LLC now owns 28,483 shares of the company’s stock valued at $659,000 after buying an additional 643 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in iShares ESG Aware USD Corporate Bond ETF by 6.1% in the first quarter. EverSource Wealth Advisors LLC now owns 48,098 shares of the company’s stock valued at $1,113,000 after buying an additional 2,768 shares in the last quarter.

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.