Trivant Custom Portfolio Group LLC Purchases 12,480 Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Trivant Custom Portfolio Group LLC lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 7.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 175,203 shares of the company’s stock after acquiring an additional 12,480 shares during the quarter. iShares Broad USD Investment Grade Corporate Bond ETF comprises about 5.1% of Trivant Custom Portfolio Group LLC’s investment portfolio, making the stock its 2nd largest position. Trivant Custom Portfolio Group LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $8,949,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of USIG. Ameriprise Financial Inc. grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% during the fourth quarter. Ameriprise Financial Inc. now owns 10,324,245 shares of the company’s stock valued at $523,491,000 after purchasing an additional 613,878 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 10.8% during the 4th quarter. TIAA Trust National Association now owns 5,603,082 shares of the company’s stock valued at $281,723,000 after buying an additional 543,960 shares during the period. Crestwood Advisors Group LLC boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 41.5% during the 4th quarter. Crestwood Advisors Group LLC now owns 407,479 shares of the company’s stock valued at $20,488,000 after buying an additional 119,598 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,261,410 shares of the company’s stock valued at $63,424,000 after acquiring an additional 89,175 shares in the last quarter. Finally, ST Germain D J Co. Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 22.8% in the first quarter. ST Germain D J Co. Inc. now owns 339,309 shares of the company’s stock worth $17,332,000 after acquiring an additional 62,906 shares during the last quarter.

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

Shares of NASDAQ:USIG opened at $50.83 on Thursday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $49.10 and a 1 year high of $52.94. The business has a fifty day simple moving average of $50.42 and a 200 day simple moving average of $50.59.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.1973 dividend. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Monday, June 2nd.

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.