Bessemer Group Inc. Takes Position in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Bessemer Group Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 14,813 shares of the company’s stock, valued at approximately $774,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USIG. Arkadios Wealth Advisors boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 16,161 shares of the company’s stock valued at $831,000 after acquiring an additional 390 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.3% in the 3rd quarter. Valeo Financial Advisors LLC now owns 35,154 shares of the company’s stock valued at $1,836,000 after purchasing an additional 468 shares during the period. CoreCap Advisors LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% in the 3rd quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after purchasing an additional 499 shares during the period. Trust Co. of Vermont grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% during the 3rd quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock worth $46,000 after buying an additional 567 shares during the last quarter. Finally, Thompson Investment Management Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter worth approximately $38,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock opened at $52.03 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.10 and a twelve month high of $52.72. The business has a 50 day simple moving average of $51.89 and a 200-day simple moving average of $51.95.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.194 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%.

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.