iShares Broad USD Investment Grade Corporate Bond ETF $USIG Shares Newly Acquired by Fifth Third Securities Inc.

Fifth Third Securities Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 20,078 shares of the company’s stock, valued at approximately $978,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fort Washington Investment Advisors Inc. OH purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter valued at approximately $1,682,000. Davidson Trust Co. purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $564,000. Miller Global Investments LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $343,000. Montecito Bank & Trust purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $718,000. Finally, Compass Financial Management LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $144,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.8%

Shares of NASDAQ USIG opened at $49.50 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $48.30 and a 12 month high of $52.72. The firm’s 50 day simple moving average is $49.51 and its 200-day simple moving average is $50.47.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a $0.2062 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.47 annualized dividend and a dividend yield of 5.0%. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041.

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.