OLD Mission Capital LLC Acquires Significant Stake In iShares USD Green Bond ETF
In a recent Security and Exchange Commission filing, OLD Mission Capital LLC has disclosed the acquisition of a new stake in iShares USD Green Bond ETF, NASDAQ:BGRN. The institutional investor purchased 9,527 shares amounting to approximately $438,000. As a result of this acquisition, OLD Mission Capital LLC now owns 0.15% of the company’s stock.
The purchase underscores OLD Mission Capital LLC’s strategic move towards investment in green bonds as a socially responsible practice that accounts for environmental and sustainability issues while generating substantial returns for investors. This move positions OLD Mission Capital LLC as a leading advocate for responsible and sustainable investment practices in the financial industry.
iShares USD Green Bond ETF is an exchange-traded fund (ETF) that invests exclusively in high-quality green bonds issued by governments, supranational organizations, and corporations globally. These bonds contribute significantly to financing climate change mitigation initiatives such as renewable energy projects, energy-efficient buildings, and sustainable agriculture.
This innovative investment approach is considered an essential component of achieving sustainability goals under the United Nations Sustainable Development Goals (SDGs). Specifically, green bonds have been identified as crucial instruments for mobilizing private capital flows towards low-carbon and climate-resilient development paths that align with the Paris Climate Agreement.
The acquisition by OLD Mission Capital LLC reflects growing investor interest in green bonds’ social and environmental benefits alongside traditional financial returns on investments. With global efforts geared towards combating climate change emergency through investments like these, more investors are becoming aware of their role in creating positive societal change through funding activities that promote environmental conservation.
Moreover, the COVID-19 pandemic has highlighted the relevance of sustainable development approaches that recognize the importance of ecological preservation for better health outcomes in addition to generating economic gains for individuals and society at large.
In conclusion, OLD Mission Capital LLC’s acquisition marks another vital milestone in driving responsible and sustainable investment practices in the financial sector. With the growing urgency of combating climate change, investments like these contribute significantly to achieving sustainability goals, ensuring environmental conservation, and promoting social welfare. The move by OLD Mission Capital LLC demonstrates a commitment to aligning with global sustainability goals while generating substantial returns for investors.
iShares USD Green Bond ETF
BGRN
Updated on: 03/12/2023
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Institutional Investors Increasing Stakes in iShares USD Green Bond ETF for Eco-Friendly Investing Opportunities
In recent times, a number of hedge funds and institutional investors have either decreased or increased their stakes in iShares USD Green Bond ETF. This comes as little surprise given that the ETF has remained a hot topic among investors looking to inject some green into their portfolios. Creative Planning, Cardinal Point Wealth Management Partners LLC, Mercer Global Advisors Inc. ADV, Tanager Wealth Management LLP, and Betterment LLC are just a few of the institutional investors that have recently acquired or augmented their holdings in this ETF.
Creative Planning is one such institutional investor whose move to augment its stakes by 13.3% in Q4 2020 is worthy of note. The company now holds 47,541 shares worth $2,185,000 after acquiring an additional 5,598 shares during the last quarter. Similarly, Cardinal Point Wealth Management Partners LLC increased its stake in BGRN by 87%, now holding over 13 thousand shares valued at $618k.
Betterment LLC participated as well in supporting iShares USD Green Bond ETF’s portfolio with its holdings worth $40m growing by about eight percent after acquiring an extra 67,302 shares for itself during Q4 2020. Mercer Global Advisors Inc. ADV also raised its holdings in the company by managing to purchase an additional 12,863 shares of BGRN stock during the quarter.
In conclusion, it seems like a broad spectrum of institutions are showing greater interest in investing in companies committed to making a positive impact on our environment via their management practices and promoting environmentally beneficial projects. The upward trend witnessed regarding investments sums up increasing appeal(s) related to eco-friendly investing opportunities where investment objectives align with ethical and sustainable values while still providing satisfying returns for shareholders –something we can only hope will continue!
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