iShares Broad USD Investment Grade Corporate Bond ETF $USIG Shares Sold by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC reduced its holdings in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 7.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 396,799 shares of the company’s stock after selling 31,615 shares during the quarter. Manning & Napier Advisors LLC owned approximately 0.14% of iShares Broad USD Investment Grade Corporate Bond ETF worth $20,721,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Farmers & Merchants Investments Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $31,000. Thompson Investment Management Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $38,000. CoreCap Advisors LLC grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% during the third quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after purchasing an additional 499 shares during the last quarter. Trust Co. of Vermont raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% during the 3rd quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock worth $46,000 after purchasing an additional 567 shares during the period. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $51,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ USIG opened at $51.97 on Wednesday. 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 stock’s 50 day simple moving average is $51.93 and its 200 day simple moving average is $51.84.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.2062 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

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.