iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Hits New 52-Week Low – What’s Next?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares reached a new 52-week low on Monday . The stock traded as low as $50.13 and last traded at $50.15, with a volume of 1062796 shares traded. The stock had previously closed at $50.28.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The stock’s 50-day simple moving average is $50.77 and its 200 day simple moving average is $51.23.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a $0.2064 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.9%.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in USIG. Compass Financial Management LLC acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $144,000. CoreCap Advisors LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.9% during the 2nd quarter. CoreCap Advisors LLC now owns 4,443 shares of the company’s stock valued at $228,000 after acquiring an additional 675 shares during the last quarter. Blue Edge Capital LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.5% during the 1st quarter. Blue Edge Capital LLC now owns 426,168 shares of the company’s stock valued at $21,833,000 after acquiring an additional 14,314 shares during the last quarter. Financial Avengers Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% in the 1st quarter. Financial Avengers Inc. now owns 101,248 shares of the company’s stock valued at $5,187,000 after purchasing an additional 11,229 shares during the period. Finally, Strategic Investment Advisors MI lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% in the 1st quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock valued at $21,856,000 after purchasing an additional 192,960 shares during the period.

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.