iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sets New 1-Year Low – Here’s Why

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIGGet Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $50.13 and last traded at $50.15, with a volume of 1062796 shares changing hands. The stock had previously closed at $50.28.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $50.74 and its 200 day moving average price is $51.20.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a $0.2064 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Monday, August 3rd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $26,000. Creative Capital Management Investments LLC acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 1st quarter valued at $34,000. Harbor Investment Advisory LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock valued at $35,000 after purchasing an additional 661 shares during the last quarter. Strive Financial Group LLC acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $52,000. Finally, Centennial Bank AR purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $66,000.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for iShares Broad USD Investment Grade Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Broad USD Investment Grade Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.