Manning & Napier Advisors LLC Sells 329,365 Shares of iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Manning & Napier Advisors LLC decreased its position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 97.3% in the first quarter, Holdings Channel reports. The firm owned 9,125 shares of the company’s stock after selling 329,365 shares during the period. Manning & Napier Advisors LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $467,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after purchasing an additional 1,735,043 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 22.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 80,100 shares of the company’s stock worth $4,120,000 after buying an additional 14,800 shares in the last quarter. Tolleson Wealth Management Inc. grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% during the 2nd quarter. Tolleson Wealth Management Inc. now owns 33,073 shares of the company’s stock worth $1,701,000 after buying an additional 5,175 shares in the last quarter. Captrust Financial Advisors increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% during the second quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock valued at $27,731,000 after buying an additional 13,481 shares during the period. Finally, Parallel Advisors LLC lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 64.5% in the third quarter. Parallel Advisors LLC now owns 3,450 shares of the company’s stock worth $180,000 after acquiring an additional 1,353 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of USIG stock opened at $50.71 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $50.48 and a 52-week high of $52.72. The company’s 50 day moving average is $51.10 and its 200 day moving average is $51.49.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

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

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.