iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC lessened its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 425,412 shares of the company’s stock after selling 58,153 shares during the quarter. Manning & Napier Advisors LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $21,390,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% during the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after purchasing an additional 208 shares during the period. Sunbelt Securities Inc. lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% during the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after buying an additional 827 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% in the third quarter. Captrust Financial Advisors now owns 4,243 shares of the company’s stock worth $223,000 after buying an additional 235 shares during the period. Sonata Capital Group Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter worth approximately $248,000. Finally, Farther Finance Advisors LLC increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 83.2% in the third quarter. Farther Finance Advisors LLC now owns 6,806 shares of the company’s stock worth $358,000 after acquiring an additional 3,090 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.0 %

Shares of NASDAQ:USIG traded down $0.01 during mid-day trading on Wednesday, hitting $50.65. The stock had a trading volume of 83,324 shares, compared to its average volume of 1,192,762. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $49.08 and a 12-month high of $52.94. The company’s 50 day moving average is $50.66 and its 200-day moving average is $51.30.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.1994 dividend. This represents a $2.39 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

iShares Broad USD Investment Grade Corporate Bond ETF 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.