iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Reaches New 12-Month Low – What’s Next?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s share price hit a new 52-week low on Monday . The stock traded as low as $50.18 and last traded at $50.18, with a volume of 121959 shares traded. The stock had previously closed at $50.32.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.4%

The company has a fifty day simple moving average of $50.90 and a 200-day simple moving average of $51.32.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 6th. Investors of record on Monday, August 3rd will be given a dividend of $0.2064 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, August 3rd.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after purchasing an additional 1,735,043 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% in the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock valued at $1,327,404,000 after acquiring an additional 1,002,085 shares during the last quarter. Strategic Investment Advisors MI lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% in the 1st quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock valued at $21,856,000 after acquiring an additional 192,960 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $9,061,000. Finally, Bank of New York Mellon Corp increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,568,962 shares of the company’s stock worth $81,225,000 after acquiring an additional 115,328 shares during 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.