iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Hits New 1-Year Low – Here’s What Happened

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $50.18 and last traded at $50.18, with a volume of 121959 shares. The stock had previously closed at $50.32.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.1%

The firm has a 50-day moving average of $50.93 and a two-hundred day moving average of $51.34.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

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

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

Several institutional investors have recently made changes to their positions in USIG. Ameriprise Financial Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after purchasing an additional 1,735,043 shares during the period. BNP Paribas Financial Markets grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 22.7% during the second quarter. BNP Paribas Financial Markets now owns 80,100 shares of the company’s stock valued at $4,120,000 after buying an additional 14,800 shares during the period. Tolleson Wealth Management Inc. grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% during the second quarter. Tolleson Wealth Management Inc. now owns 33,073 shares of the company’s stock valued at $1,701,000 after buying an additional 5,175 shares during the period. Captrust Financial Advisors increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% in the second quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock valued at $27,731,000 after buying an additional 13,481 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 64.5% in the third quarter. Parallel Advisors LLC now owns 3,450 shares of the company’s stock valued at $180,000 after buying an additional 1,353 shares in 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.