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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $49.82 and last traded at $50.01, with a volume of 261 shares traded. The stock had previously closed at $50.00.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The company’s 50-day moving average price is $50.45 and its 200 day moving average price is $51.03.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.2041 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 4.9%.

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

A number of hedge funds have recently made changes to their positions in USIG. Garton & Associates Financial Advisors LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth about $26,000. Creative Capital Management Investments LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 1st quarter worth approximately $34,000. Harbor Investment Advisory LLC lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after purchasing an additional 661 shares in the last quarter. Strive Financial Group LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $52,000. Finally, Centennial Bank AR bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $66,000.

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.