iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sets New 52-Week Low – Here’s Why

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $49.98 and last traded at $49.99, with a volume of 56161 shares. The stock had previously closed at $50.28.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.6%

The firm has a 50-day moving average price of $50.59 and a 200 day moving average price of $51.11.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.2064 dividend. 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 yield of 5.0%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its stake in shares of 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 worth $509,873,000 after acquiring an additional 1,735,043 shares in the last quarter. TIAA Trust National Association grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during 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 purchasing an additional 1,002,085 shares during the last quarter. Blue Edge Capital LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at $21,857,000. Strategic Investment Advisors MI raised its position in 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 worth $21,856,000 after purchasing an additional 192,960 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% in 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 purchasing an additional 115,328 shares during the last quarter.

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.