iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Volume Increase

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw an uptick in trading volume on Tuesday . 2,667,546 shares changed hands during trading, an increase of 122% from the previous session’s volume of 1,201,119 shares.The stock last traded at $50.52 and had previously closed at $50.55.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.1 %

The firm has a 50-day moving average of $50.56 and a 200 day moving average of $49.61.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were issued a dividend of $0.184 per share. This represents a $2.21 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Friday, March 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. TIAA Trust National Association raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% in the 4th quarter. TIAA Trust National Association now owns 2,694,172 shares of the company’s stock valued at $138,238,000 after acquiring an additional 421,296 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,407,596 shares of the company’s stock worth $115,768,000 after buying an additional 168,236 shares during the period. Bank of New York Mellon Corp grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,854,767 shares of the company’s stock valued at $89,159,000 after buying an additional 245,598 shares during the last quarter. One Capital Management LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 13.5% in the 3rd quarter. One Capital Management LLC now owns 602,925 shares of the company’s stock valued at $28,983,000 after acquiring an additional 71,794 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% in the third quarter. Janney Montgomery Scott LLC now owns 476,938 shares of the company’s stock valued at $22,926,000 after purchasing an additional 9,485 shares during 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.