Global Wealth Strategies & Associates Lowers Stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Global Wealth Strategies & Associates reduced its position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 13.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,057 shares of the company’s stock after selling 327 shares during the quarter. Global Wealth Strategies & Associates’ holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Avengers Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $41,000. Clearstead Trust LLC bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $51,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $63,000. Princeton Global Asset Management LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter worth about $72,000. Finally, Colonial Trust Co SC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter worth about $93,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

iShares Broad USD Investment Grade Corporate Bond ETF stock traded up $0.03 during trading hours on Thursday, reaching $48.98. The stock had a trading volume of 35,013 shares, compared to its average volume of 1,022,527. The business’s 50 day moving average price is $49.35 and its 200-day moving average price is $49.91. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $46.47 and a 52 week high of $51.77.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, September 5th were issued a $0.1763 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $2.12 dividend on an annualized basis and a yield of 4.32%.

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.