iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw an uptick in trading volume on Wednesday . 4,981,297 shares changed hands during mid-day trading, an increase of 86% from the previous session’s volume of 2,681,886 shares.The stock last traded at $52.06 and had previously closed at $51.98.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.2%

The business has a 50 day moving average of $52.00 and a 200 day moving average of $52.04.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.203 per share. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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

A number of institutional investors have recently bought and sold shares of USIG. Crestwood Advisors Group LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 455,275 shares of the company’s stock valued at $23,419,000 after buying an additional 18,599 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 149.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,392 shares of the company’s stock valued at $72,000 after buying an additional 834 shares in the last quarter. FDx Advisors Inc. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter worth $245,000. Cahill Financial Advisors Inc. purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth about $536,000. Finally, SBI Securities Co. Ltd. increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 86.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,862 shares of the company’s stock valued at $559,000 after purchasing an additional 5,051 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.