iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares saw strong trading volume on Tuesday . 1,129,384 shares were traded during mid-day trading, a decline of 3% from the previous session’s volume of 1,162,035 shares.The stock last traded at $50.05 and had previously closed at $49.98.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The business’s 50-day moving average price is $50.10 and its two-hundred day moving average price is $49.95.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a $0.1855 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $2.23 dividend on an annualized basis and a yield of 4.45%.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the business. Coulter & Justus Financial Services LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $251,000. Arkadios Wealth Advisors lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 23.0% during the first quarter. Arkadios Wealth Advisors now owns 7,576 shares of the company’s stock worth $385,000 after purchasing an additional 1,418 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.0% during the first quarter. Valeo Financial Advisors LLC now owns 31,856 shares of the company’s stock worth $1,573,000 after purchasing an additional 1,807 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 12.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 90,136 shares of the company’s stock worth $4,576,000 after purchasing an additional 10,249 shares in the last quarter. Finally, Trivant Custom Portfolio Group LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.3% during the first quarter. Trivant Custom Portfolio Group LLC now owns 75,434 shares of the company’s stock worth $3,830,000 after purchasing an additional 3,808 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.