iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Reaches New 1-Year Low – Here’s Why

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares hit a new 52-week low on Tuesday . The stock traded as low as $49.98 and last traded at $49.99, with a volume of 56161 shares traded. The stock had previously closed at $50.28.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.1%

The business has a 50 day moving average price of $50.54 and a 200 day moving average price of $51.08.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.2041 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, September 1st.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. One Capital Management LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 541.7% in the fourth quarter. One Capital Management LLC now owns 42,287 shares of the company’s stock worth $2,189,000 after acquiring an additional 35,697 shares during the period. Crestwood Advisors Group LLC grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after acquiring an additional 112,916 shares during the period. Financial Avengers Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 23.6% in the 4th quarter. Financial Avengers Inc. now owns 90,019 shares of the company’s stock valued at $4,660,000 after purchasing an additional 17,194 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after purchasing an additional 14,073 shares during the period. Finally, Blue Edge Capital LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth approximately $21,857,000.

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.