iShares Broad USD Investment Grade Corporate Bond ETF $USIG Shares Bought by TIAA Trust National Association

TIAA Trust National Association increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 6.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 24,591,007 shares of the company’s stock after purchasing an additional 1,413,057 shares during the period. iShares Broad USD Investment Grade Corporate Bond ETF accounts for 3.1% of TIAA Trust National Association’s investment portfolio, making the stock its 6th largest holding. TIAA Trust National Association owned approximately 0.08% of iShares Broad USD Investment Grade Corporate Bond ETF worth $1,284,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USIG. Ameriprise Financial Inc. lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after acquiring an additional 1,735,043 shares during the last quarter. Crestwood Advisors Group LLC increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.0% during the 3rd quarter. Crestwood Advisors Group LLC now owns 537,199 shares of the company’s stock worth $28,053,000 after purchasing an additional 81,924 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock valued at $74,268,000 after purchasing an additional 45,662 shares during the period. Montecito Bank & Trust acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $774,000. Finally, Bessemer Group Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter worth about $774,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ USIG opened at $52.35 on Friday. The business’s 50 day moving average price is $51.98 and its two-hundred day moving average price is $52.02. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.10 and a twelve month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.194 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

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.