Caprin Asset Management LLC ADV purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NYSEARCA:USIG) during the first quarter, HoldingsChannel reports. The firm purchased 6,966 shares of the company’s stock, valued at approximately $385,000. iShares Broad USD Investment Grade Corporate Bond ETF accounts for approximately 0.3% of Caprin Asset Management LLC ADV’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds have also modified their holdings of USIG. Bank of New York Mellon Corp purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $35,136,000. Rockland Trust Co. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $1,877,000. OLD Mission Capital LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $1,675,000. Cahaba Wealth Management Inc. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $1,364,000. Finally, Trust Department MB Financial Bank N A purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $992,000.

USIG stock traded down $0.03 during mid-day trading on Monday, reaching $54.92. 2,330 shares of the company’s stock were exchanged, compared to its average volume of 401,263. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $52.28 and a 12-month high of $55.32.

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1702 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.04 dividend on an annualized basis and a yield of 3.72%. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17.

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Want to see what other hedge funds are holding USIG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Broad USD Investment Grade Corporate Bond ETF (NYSEARCA:USIG).

Institutional Ownership by Quarter for iShares Broad USD Investment Grade Corporate Bond ETF (NYSEARCA:USIG)

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