iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Hits New 12-Month Low – Should You Sell?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Free Report) hit a new 52-week low during trading on Wednesday. The company traded as low as $49.39 and last traded at $49.3750, with a volume of 730738 shares changing hands. The stock had previously closed at $49.76.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The company’s 50-day simple moving average is $50.12 and its two-hundred day simple moving average is $50.79.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.2041 dividend. This represents a $2.45 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 1st.

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

Institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter worth about $144,000. Continuum Advisory LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $80,000. Blue Edge Capital LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $21,857,000. CoreCap Advisors LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.9% during the 2nd quarter. CoreCap Advisors LLC now owns 4,443 shares of the company’s stock valued at $228,000 after acquiring an additional 675 shares during the period. Finally, Financial Avengers Inc. increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% in the 1st quarter. Financial Avengers Inc. now owns 101,248 shares of the company’s stock worth $5,187,000 after acquiring an additional 11,229 shares in the last quarter.

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.

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