Envestnet Asset Management Inc. Sells 537,690 Shares of iShares USD Green Bond ETF $BGRN

Envestnet Asset Management Inc. lowered its position in shares of iShares USD Green Bond ETF (NASDAQ:BGRN) by 81.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,887 shares of the company’s stock after selling 537,690 shares during the quarter. Envestnet Asset Management Inc. owned about 1.35% of iShares USD Green Bond ETF worth $5,866,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BGRN. First National Corp MA ADV raised its stake in iShares USD Green Bond ETF by 5.1% in the 3rd quarter. First National Corp MA ADV now owns 5,888 shares of the company’s stock worth $283,000 after purchasing an additional 284 shares in the last quarter. Omega Financial Group LLC grew its position in shares of iShares USD Green Bond ETF by 2.0% during the 2nd quarter. Omega Financial Group LLC now owns 18,062 shares of the company’s stock worth $861,000 after purchasing an additional 352 shares in the last quarter. Better Money Decisions LLC increased its holdings in shares of iShares USD Green Bond ETF by 2.3% during the second quarter. Better Money Decisions LLC now owns 16,112 shares of the company’s stock worth $768,000 after purchasing an additional 362 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of iShares USD Green Bond ETF by 4.1% in the second quarter. Ameritas Investment Partners Inc. now owns 9,469 shares of the company’s stock valued at $451,000 after buying an additional 369 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of iShares USD Green Bond ETF by 5.0% in the second quarter. NewEdge Advisors LLC now owns 11,137 shares of the company’s stock valued at $531,000 after buying an additional 527 shares during the period.

iShares USD Green Bond ETF Price Performance

Shares of NASDAQ:BGRN opened at $48.28 on Friday. The business’s 50 day simple moving average is $48.02 and its 200 day simple moving average is $48.04. iShares USD Green Bond ETF has a 1 year low of $46.15 and a 1 year high of $48.52.

iShares USD Green Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1697 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

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. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.