iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sets New 52-Week Low – Here’s Why

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $50.18 and last traded at $50.18, with a volume of 121959 shares. The stock had previously closed at $50.32.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The stock has a 50-day moving average of $50.93 and a 200 day moving average of $51.34.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2016 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, July 1st.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Runnymede Capital Advisors Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at $9,061,000. One Capital Management LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 541.7% during the 4th quarter. One Capital Management LLC now owns 42,287 shares of the company’s stock worth $2,189,000 after purchasing an additional 35,697 shares during the period. Bank of New York Mellon Corp grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after purchasing an additional 14,073 shares during the period. Financial Avengers Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 23.6% during the 4th quarter. Financial Avengers Inc. now owns 90,019 shares of the company’s stock valued at $4,660,000 after buying an additional 17,194 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the 4th quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after buying an additional 112,916 shares during 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.