iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Volume Increase – Should You Buy?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares saw an uptick in trading volume on Wednesday . 4,981,297 shares were traded during trading, an increase of 86% from the previous session’s volume of 2,681,886 shares.The stock last traded at $52.06 and had previously closed at $51.98.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The company has a 50-day moving average of $52.00 and a 200-day moving average of $52.04.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be given a dividend of $0.203 per share. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Azimuth Capital Investment Management LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 4.0% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 5,158 shares of the company’s stock valued at $267,000 after acquiring an additional 200 shares in the last quarter. Triumph Capital Management grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% in the 3rd quarter. Triumph Capital Management now owns 18,750 shares of the company’s stock valued at $979,000 after buying an additional 360 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,253 shares of the company’s stock valued at $118,000 after acquiring an additional 405 shares during the period. Valeo Financial Advisors LLC increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.3% during the 3rd quarter. Valeo Financial Advisors LLC now owns 35,154 shares of the company’s stock valued at $1,836,000 after purchasing an additional 468 shares during the period. Finally, Compass Financial Group Inc. raised its position in 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 acquiring an additional 468 shares in the last quarter.

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.