iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Reaches New 52-Week Low – Here’s What Happened

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) reached a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $48.71 and last traded at $48.82, with a volume of 3254817 shares. The stock had previously closed at $49.08.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The stock’s 50-day moving average is $49.98 and its 200 day moving average is $50.71.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.2062 per share. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds have recently modified their holdings of USIG. Creative Capital Management Investments LLC acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth $34,000. Harbor Investment Advisory LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after purchasing an additional 661 shares in the last quarter. Centennial Bank AR purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth $66,000. Continuum Advisory LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter worth $80,000. Finally, Compass Financial Management LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter worth $144,000.

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.