Financial Avengers Inc. Raises Stock Position in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Financial Avengers Inc. increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 12.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,248 shares of the company’s stock after acquiring an additional 11,229 shares during the period. iShares Broad USD Investment Grade Corporate Bond ETF makes up about 2.4% of Financial Avengers Inc.’s holdings, making the stock its 14th biggest position. Financial Avengers Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $5,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of USIG. Runnymede Capital Advisors Inc. acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $9,061,000. One Capital Management LLC lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 541.7% during the fourth quarter. One Capital Management LLC now owns 42,287 shares of the company’s stock valued at $2,189,000 after purchasing an additional 35,697 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 valued at $81,099,000 after purchasing an additional 14,073 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after purchasing an additional 112,916 shares during the period. Finally, TIAA Trust National Association grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% in the fourth 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 period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock opened at $50.37 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $50.20 and a 52 week high of $52.72. The firm has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $51.35.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2016 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Wednesday, July 1st.

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.