iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume – Time to Buy?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares saw an uptick in trading volume on Wednesday . 1,601,816 shares traded hands during trading, a decline of 43% from the previous session’s volume of 2,833,831 shares.The stock last traded at $50.62 and had previously closed at $50.56.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.5%

The business has a fifty day simple moving average of $51.23 and a 200 day simple moving average of $51.72.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a $0.2042 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Friday, May 1st.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. TIAA Trust National Association increased its position 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 worth $1,327,404,000 after purchasing an additional 1,002,085 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock valued at $579,811,000 after buying an additional 1,530,288 shares during the period. Bank of New York Mellon Corp raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock valued at $81,099,000 after buying an additional 14,073 shares during the period. JPMorgan Chase & Co. raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,449,857 shares of the company’s stock valued at $75,059,000 after buying an additional 27,651 shares during the period. Finally, Crestwood Advisors Group LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the 4th quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after buying an additional 112,916 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.