iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Reaches New 12-Month Low – What’s Next?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) hit a new 52-week low during trading on Wednesday . The stock traded as low as $49.39 and last traded at $49.3750, with a volume of 730738 shares trading hands. The stock had previously closed at $49.76.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 1.0%

The firm’s fifty day moving average is $50.18 and its two-hundred day moving average is $50.83.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.2041 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 1st.

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

Several hedge funds have recently modified their holdings of the stock. TIAA Trust National Association boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock valued at $1,327,404,000 after purchasing an additional 1,002,085 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,568,962 shares of the company’s stock worth $81,225,000 after buying an additional 115,328 shares in the last quarter. Blue Edge Capital LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter valued at approximately $21,857,000. Strategic Investment Advisors MI grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% during the 1st quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock valued at $21,856,000 after buying an additional 192,960 shares in the last quarter. Finally, Financial Avengers Inc. grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% during the 1st quarter. Financial Avengers Inc. now owns 101,248 shares of the company’s stock valued at $5,187,000 after buying an additional 11,229 shares in 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.