iShares USD Green Bond ETF (NASDAQ:BGRN) Declares Dividend Increase – $0.17 Per Share

iShares USD Green Bond ETF (NASDAQ:BGRN) declared a monthly dividend on Monday, August 31st. Investors of record on Tuesday, September 1st will be given a dividend of 0.1742 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a 3.8% increase from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

iShares USD Green Bond ETF Stock Down 0.6%

NASDAQ BGRN traded down $0.26 on Tuesday, reaching $46.58. The company had a trading volume of 32,627 shares, compared to its average volume of 29,986. iShares USD Green Bond ETF has a 1 year low of $46.56 and a 1 year high of $48.52. The firm has a 50-day moving average of $47.06 and a 200-day moving average of $47.40.

Hedge Funds Weigh In On iShares USD Green Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co purchased a new stake in shares of iShares USD Green Bond ETF during the second quarter worth about $25,252,000. Tanager Wealth Management LLP boosted its holdings in iShares USD Green Bond ETF by 1.6% in the second quarter. Tanager Wealth Management LLP now owns 15,090 shares of the company’s stock valued at $716,000 after purchasing an additional 237 shares during the last quarter. Continuum Advisory LLC grew its stake in iShares USD Green Bond ETF by 15.6% during the 2nd quarter. Continuum Advisory LLC now owns 5,176 shares of the company’s stock valued at $246,000 after purchasing an additional 697 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in iShares USD Green Bond ETF during the 2nd quarter valued at approximately $7,864,000. Finally, Corepath Wealth Partners LLC purchased a new stake in iShares USD Green Bond ETF during the 2nd quarter worth approximately $287,000.

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.