iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Hits New 1-Year Low – Should You Sell?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $49.50 and last traded at $49.4820, with a volume of 2700406 shares. The stock had previously closed at $49.50.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.1%

The company has a fifty day moving average price of $50.34 and a 200 day moving average price of $50.95.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.2041 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.0%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $26,000. Creative Capital Management Investments LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter valued at about $34,000. Harbor Investment Advisory LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in 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. Strive Financial Group LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $52,000. Finally, Centennial Bank AR purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $66,000.

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.