Koss Olinger Consulting LLC Takes $566,000 Position in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Koss Olinger Consulting LLC acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 11,042 shares of the company’s stock, valued at approximately $566,000.

A number of other institutional investors have also added to or reduced their stakes in USIG. Azimuth Capital Investment Management LLC boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 4.0% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 5,158 shares of the company’s stock worth $267,000 after purchasing an additional 200 shares during the period. Bessemer Group Inc. increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.1% during the first quarter. Bessemer Group Inc. now owns 28,127 shares of the company’s stock valued at $1,441,000 after buying an additional 312 shares during the period. Triumph Capital Management increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% during the third quarter. Triumph Capital Management now owns 18,750 shares of the company’s stock valued at $979,000 after buying an additional 360 shares during the period. Compass Financial Group Inc. lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.1% in the fourth quarter. Compass Financial Group Inc. now owns 44,982 shares of the company’s stock worth $2,329,000 after buying an additional 468 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $26,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG stock opened at $50.60 on Tuesday. The firm has a 50 day moving average of $51.03 and a 200-day moving average of $51.43. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $50.48 and a 12 month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.2016 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.8%.

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.