JPMorgan Chase & Co. Buys 45,662 Shares of iShares Broad USD Investment Grade Corporate Bond ETF $USIG

JPMorgan Chase & Co. increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,422,206 shares of the company’s stock after purchasing an additional 45,662 shares during the quarter. JPMorgan Chase & Co. owned about 0.49% of iShares Broad USD Investment Grade Corporate Bond ETF worth $74,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thompson Investment Management Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth about $38,000. CoreCap Advisors LLC lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% in the third quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock worth $39,000 after buying an additional 499 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% in the third quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock worth $46,000 after buying an additional 567 shares in the last quarter. Pinnacle Bancorp Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $66,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $93,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.4%

Shares of NASDAQ:USIG opened at $51.15 on Thursday. The company has a 50 day moving average of $51.92 and a 200 day moving average of $52.02. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $49.10 and a 12 month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.203 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.