iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares saw unusually-strong trading volume on Tuesday . Approximately 1,129,384 shares changed hands during mid-day trading, a decline of 3% from the previous session’s volume of 1,162,035 shares.The stock last traded at $50.05 and had previously closed at $49.98.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.1 %

The stock’s fifty day simple moving average is $50.08 and its 200-day simple moving average is $49.98.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were given a dividend of $0.1855 per share. The ex-dividend date was Wednesday, May 1st. This represents a $2.23 dividend on an annualized basis and a yield of 4.45%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Penobscot Investment Management Company Inc. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter worth about $815,000. Trivant Custom Portfolio Group LLC grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 1.3% in the fourth quarter. Trivant Custom Portfolio Group LLC now owns 71,626 shares of the company’s stock valued at $3,672,000 after purchasing an additional 903 shares during the period. Arden Trust Co increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 4.8% during the fourth quarter. Arden Trust Co now owns 232,559 shares of the company’s stock worth $11,921,000 after purchasing an additional 10,741 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 22.0% during the third quarter. EverSource Wealth Advisors LLC now owns 18,826 shares of the company’s stock worth $905,000 after purchasing an additional 3,391 shares during the period. Finally, Valeo Financial Advisors LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 3.6% during the fourth quarter. Valeo Financial Advisors LLC now owns 30,049 shares of the company’s stock worth $1,540,000 after purchasing an additional 1,035 shares during the period.

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.