iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Stock Price Down 0.4%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) traded down 0.4% during mid-day trading on Wednesday . The company traded as low as $49.56 and last traded at $49.57. 925,921 shares traded hands during trading, a decline of 18% from the average session volume of 1,132,983 shares. The stock had previously closed at $49.75.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $50.28 and its 200-day moving average price is $50.13.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 5th. Stockholders of record on Tuesday, May 2nd were paid a dividend of $0.167 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, May 1st. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.16.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Caprin Asset Management LLC ADV bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $29,000. RFP Financial Group LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at about $35,000. Financial Avengers Inc. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $41,000. Bartlett & Co. LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at about $43,000. Finally, Clearstead Trust LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $51,000.

About iShares Broad USD Investment Grade Corporate Bond ETF

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The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.