Financial Avengers Inc. Raises Holdings in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Financial Avengers Inc. boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 12.5% in the 1st quarter, Holdings Channel reports. The firm owned 101,248 shares of the company’s stock after acquiring an additional 11,229 shares during the quarter. iShares Broad USD Investment Grade Corporate Bond ETF accounts for about 2.4% of Financial Avengers Inc.’s portfolio, making the stock its 14th largest position. Financial Avengers Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $5,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $26,000. YANKCOM Partnership acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at about $32,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter worth about $34,000. Harbor Investment Advisory LLC lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the first quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after buying an additional 661 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $52,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG opened at $50.37 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $50.20 and a twelve month high of $52.72. The firm’s 50-day moving average price is $50.95 and its 200 day moving average price is $51.35.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.2016 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.