iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Free Report) declared a monthly dividend on Wednesday, September 30th. Investors of record on Thursday, October 1st will be given a dividend of $0.2062 per share on Tuesday, October 6th. This represents a $2.47 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Thursday, October 1st. This is a 1.0% increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041.
iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance
Shares of NASDAQ:USIG opened at $48.71 on Thursday. The business has a 50 day moving average price of $49.98 and a 200 day moving average price of $50.71. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $48.65 and a twelve month high of $52.72.
Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF
Several hedge funds and other institutional investors have recently modified their holdings of the stock. TIAA Trust National Association raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock valued at $1,327,404,000 after purchasing an additional 1,002,085 shares during the last quarter. Bank of New York Mellon Corp grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after buying an additional 14,073 shares in the last quarter. Strategic Investment Advisors MI increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% during the first quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock valued at $21,856,000 after acquiring an additional 192,960 shares during the period. Blue Edge Capital LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 3.5% in the 1st quarter. Blue Edge Capital LLC now owns 426,168 shares of the company’s stock valued at $21,833,000 after acquiring an additional 14,314 shares in the last quarter. Finally, Financial Avengers Inc. lifted its position in shares of 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 during the period.
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.
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