SOA Wealth Advisors LLC. Purchases Shares of 999 iShares Broad USD Investment Grade Corporate Bond ETF $USIG

SOA Wealth Advisors LLC. purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the 2nd quarter, Holdings Channel reports. The fund purchased 999 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Azimuth Capital Investment Management LLC lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% in the first quarter. Azimuth Capital Investment Management LLC now owns 4,508 shares of the company’s stock valued at $230,000 after purchasing an additional 268 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 30.6% in the second quarter. AdvisorNet Financial Inc now owns 1,173 shares of the company’s stock valued at $60,000 after buying an additional 275 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.7% in the second quarter. Janney Montgomery Scott LLC now owns 60,295 shares of the company’s stock valued at $3,102,000 after buying an additional 396 shares during the last quarter. Arkadios Wealth Advisors raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.2% in the first quarter. Arkadios Wealth Advisors now owns 15,771 shares of the company’s stock valued at $806,000 after buying an additional 491 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $31,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

NASDAQ:USIG opened at $52.22 on Friday. The firm has a 50 day simple moving average of $51.81 and a 200-day simple moving average of $51.06. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.10 and a 1-year high of $52.58.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a $0.2045 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, October 1st.

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.