iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sets New 12-Month Low – What’s Next?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $49.50 and last traded at $49.4820, with a volume of 2700406 shares traded. The stock had previously closed at $49.50.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The company has a fifty day moving average price of $50.34 and a two-hundred day moving average price of $50.95.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.2041 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $26,000. Creative Capital Management Investments LLC acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at approximately $34,000. Harbor Investment Advisory LLC boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after buying an additional 661 shares in the last quarter. Strive Financial Group LLC acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth $52,000. Finally, Centennial Bank AR bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth about $66,000.

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.