Crestwood Advisors Group LLC Acquires 112,916 Shares of iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Crestwood Advisors Group LLC raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 21.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 650,115 shares of the company’s stock after buying an additional 112,916 shares during the quarter. Crestwood Advisors Group LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $33,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Triumph Capital Management raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% during the 3rd quarter. Triumph Capital Management now owns 18,750 shares of the company’s stock valued at $979,000 after buying an additional 360 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 21.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,253 shares of the company’s stock valued at $118,000 after buying an additional 405 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 1.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 35,154 shares of the company’s stock valued at $1,836,000 after buying an additional 468 shares during the last quarter. CoreCap Advisors LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% during the 3rd quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after buying an additional 499 shares during the last quarter. Finally, YANKCOM Partnership purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $32,000.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.3%

Shares of USIG opened at $51.16 on Friday. The firm has a fifty day simple moving average of $51.41 and a two-hundred day simple moving average of $51.81. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.89 and a 1-year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a dividend of $0.2042 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.