Sonata Capital Group Inc. Makes New Investment in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Sonata Capital Group Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,725 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds have also added to or reduced their stakes in the company. TIAA Trust National Association lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.3% in the 2nd quarter. TIAA Trust National Association now owns 4,727,212 shares of the company’s stock worth $237,353,000 after purchasing an additional 1,582,867 shares during the period. Manning & Napier Advisors LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $24,068,000. Crestwood Advisors Group LLC lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 41.6% during the third quarter. Crestwood Advisors Group LLC now owns 287,881 shares of the company’s stock valued at $15,137,000 after acquiring an additional 84,561 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% during the third quarter. ST Germain D J Co. Inc. now owns 232,035 shares of the company’s stock valued at $12,200,000 after acquiring an additional 25,706 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 22.4% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 201,453 shares of the company’s stock valued at $10,592,000 after acquiring an additional 36,838 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.3 %

NASDAQ:USIG traded up $0.14 during midday trading on Friday, reaching $51.36. 199,535 shares of the stock traded hands, compared to its average volume of 1,045,452. The business has a 50-day moving average of $51.95 and a two-hundred day moving average of $51.07. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $47.81 and a 12-month high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1913 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.30 dividend on an annualized basis and a dividend yield of 4.47%. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.