iShares Broad USD Investment Grade Corporate Bond ETF Plans Dividend of $0.20 (NASDAQ:USIG)

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) announced a dividend on Monday, August 31st. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.2041 per share on Friday, September 4th. The ex-dividend date is Tuesday, September 1st.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of USIG stock traded down $0.39 during trading on Tuesday, hitting $49.89. 1,677,729 shares of the company were exchanged, compared to its average volume of 2,486,097. The business’s 50-day simple moving average is $50.59 and its 200 day simple moving average is $51.11. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.87 and a twelve month high of $52.72.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock worth $509,873,000 after acquiring an additional 1,735,043 shares during the last quarter. BNP Paribas Financial Markets boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 22.7% during the second quarter. BNP Paribas Financial Markets now owns 80,100 shares of the company’s stock valued at $4,120,000 after purchasing an additional 14,800 shares during the last quarter. Tolleson Wealth Management Inc. boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% during the second quarter. Tolleson Wealth Management Inc. now owns 33,073 shares of the company’s stock valued at $1,701,000 after purchasing an additional 5,175 shares during the last quarter. Captrust Financial Advisors boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% during the second quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock valued at $27,731,000 after purchasing an additional 13,481 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 64.5% in the third quarter. Parallel Advisors LLC now owns 3,450 shares of the company’s stock valued at $180,000 after purchasing an additional 1,353 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.