HighTower Advisors LLC Boosts Stake in iShares USD Green Bond ETF $BGRN

HighTower Advisors LLC lifted its position in iShares USD Green Bond ETF (NASDAQ:BGRN) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,580 shares of the company’s stock after buying an additional 1,473 shares during the quarter. HighTower Advisors LLC owned approximately 0.32% of iShares USD Green Bond ETF worth $1,259,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BGRN. Raymond James Financial Inc. purchased a new stake in shares of iShares USD Green Bond ETF in the 4th quarter valued at $1,421,000. NewEdge Advisors LLC purchased a new stake in shares of iShares USD Green Bond ETF in the 4th quarter valued at $390,000. Stifel Financial Corp purchased a new stake in shares of iShares USD Green Bond ETF in the 4th quarter valued at $204,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of iShares USD Green Bond ETF by 14.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 604,440 shares of the company’s stock valued at $28,179,000 after buying an additional 77,385 shares during the period. Finally, Francis Financial Inc. raised its holdings in shares of iShares USD Green Bond ETF by 0.8% in the 4th quarter. Francis Financial Inc. now owns 345,030 shares of the company’s stock valued at $16,085,000 after buying an additional 2,614 shares during the period.

iShares USD Green Bond ETF Trading Down 0.0%

BGRN stock opened at $47.81 on Tuesday. iShares USD Green Bond ETF has a 12-month low of $46.15 and a 12-month high of $48.54. The business’s fifty day moving average price is $47.50 and its 200 day moving average price is $47.17.

iShares USD Green Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were issued a $0.1676 dividend. The ex-dividend date was Friday, August 1st. This represents a c) annualized dividend and a dividend yield of 4.2%. This is a boost from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

iShares USD Green Bond ETF 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.