iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Stock Price Cross Above Fifty Day Moving Average – Here’s Why

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s stock price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $49.36 and traded as high as $49.59. iShares Broad USD Investment Grade Corporate Bond ETF shares last traded at $49.55, with a volume of 2,353,042 shares trading hands.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The firm’s 50-day simple moving average is $49.36 and its 200 day simple moving average is $50.75.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a $0.2094 dividend. The ex-dividend date is Monday, November 2nd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2062. This represents a $2.51 annualized dividend and a yield of 5.1%.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth about $80,000. Compass Financial Management LLC bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $144,000. North Star Investment Management Corp. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $165,000. Greenleaf Trust bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $209,000. Finally, Lynx Investment Advisory lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% during the 3rd quarter. Lynx Investment Advisory now owns 4,331 shares of the company’s stock valued at $211,000 after buying an additional 243 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.