TIAA Trust National Association Has $1.28 Billion Stock Holdings in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

TIAA Trust National Association boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,591,007 shares of the company’s stock after acquiring an additional 1,413,057 shares during the period. iShares Broad USD Investment Grade Corporate Bond ETF makes up approximately 3.1% of TIAA Trust National Association’s investment portfolio, making the stock its 6th largest holding. TIAA Trust National Association owned 8.46% of iShares Broad USD Investment Grade Corporate Bond ETF worth $1,284,142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USIG. Montecito Bank & Trust bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $774,000. Fisher Asset Management LLC boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 57.9% in the second quarter. Fisher Asset Management LLC now owns 34,845 shares of the company’s stock valued at $1,792,000 after buying an additional 12,783 shares during the period. Cahill Financial Advisors Inc. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $536,000. JPMorgan Chase & Co. increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock worth $74,268,000 after acquiring an additional 45,662 shares in the last quarter. Finally, Crestwood Advisors Group LLC increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.0% during the third quarter. Crestwood Advisors Group LLC now owns 537,199 shares of the company’s stock worth $28,053,000 after acquiring an additional 81,924 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ:USIG opened at $52.35 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $49.10 and a 12 month high of $52.72. The company’s fifty day simple moving average is $51.98 and its 200 day simple moving average is $52.02.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

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

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.