Compass Financial Group Inc. Takes $2.16 Million Position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Compass Financial Group Inc. purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 42,073 shares of the company’s stock, valued at approximately $2,157,000. iShares Broad USD Investment Grade Corporate Bond ETF comprises 1.2% of Compass Financial Group Inc.’s holdings, making the stock its 24th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Creative Financial Designs Inc. ADV grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 30.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,375 shares of the company’s stock valued at $70,000 after buying an additional 321 shares during the last quarter. Arkadios Wealth Advisors grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 6.6% in the 4th quarter. Arkadios Wealth Advisors now owns 6,158 shares of the company’s stock valued at $316,000 after buying an additional 382 shares during the last quarter. Private Trust Co. NA grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 19.9% in the 3rd quarter. Private Trust Co. NA now owns 2,713 shares of the company’s stock valued at $130,000 after buying an additional 450 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 2.1% in the 3rd quarter. Valeo Financial Advisors LLC now owns 29,014 shares of the company’s stock valued at $1,395,000 after buying an additional 609 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $33,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ:USIG traded down $0.16 on Wednesday, reaching $49.39. 701,661 shares of the company’s stock were exchanged, compared to its average volume of 1,164,669. The company has a fifty day moving average of $50.21 and a 200-day moving average of $49.82. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $46.70 and a twelve month high of $51.50.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1853 per share. The ex-dividend date was Monday, April 1st. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.50%.

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.