iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Volume Increase

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw strong trading volume on Thursday . 2,615,876 shares changed hands during mid-day trading, an increase of 148% from the previous session’s volume of 1,055,412 shares.The stock last traded at $48.67 and had previously closed at $48.41.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.2 %

The stock’s 50 day moving average price is $47.91 and its 200-day moving average price is $49.01.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were paid a $0.178 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 4.37%.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in USIG. TIAA Trust National Association purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter valued at $109,257,000. Assetmark Inc. boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 32.9% in the 1st quarter. Assetmark Inc. now owns 4,341,546 shares of the company’s stock valued at $219,943,000 after purchasing an additional 1,074,009 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,854,767 shares of the company’s stock valued at $89,159,000 after purchasing an additional 245,598 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1,726.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,332 shares of the company’s stock valued at $10,638,000 after purchasing an additional 209,213 shares in the last quarter. Finally, One Capital Management LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter valued at $10,563,000.

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.