iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume – Still a Buy?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw unusually-high trading volume on Monday . Approximately 12,420,744 shares traded hands during trading, an increase of 274% from the previous session’s volume of 3,325,407 shares.The stock last traded at $51.06 and had previously closed at $50.80.

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

The stock has a fifty day simple moving average of $51.85 and a 200 day simple moving average of $52.01.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.203 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, March 2nd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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

Several hedge funds and other institutional investors have recently bought and sold shares of USIG. Garton & Associates Financial Advisors LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at about $26,000. YANKCOM Partnership bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $32,000. Thompson Investment Management Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter valued at approximately $38,000. CoreCap Advisors LLC boosted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% in the third quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock worth $39,000 after purchasing an additional 499 shares during the last quarter. Finally, Trust Co. of Vermont boosted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% in the third quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock worth $46,000 after purchasing an additional 567 shares during the last quarter.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.