iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Stock Price Cross Above 50-Day Moving Average – What’s Next?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $49.47 and traded as high as $49.50. iShares Broad USD Investment Grade Corporate Bond ETF shares last traded at $49.48, with a volume of 1,662,728 shares trading hands.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The stock’s fifty day moving average is $49.47 and its two-hundred day moving average is $50.82.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.2062 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. The ex-dividend date was Thursday, October 1st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.0%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USIG. Lynx Investment Advisory raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% in the third quarter. Lynx Investment Advisory now owns 4,331 shares of the company’s stock worth $211,000 after buying an additional 243 shares in the last quarter. Bessemer Group Inc. boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 1.1% during the first quarter. Bessemer Group Inc. now owns 28,127 shares of the company’s stock valued at $1,441,000 after buying an additional 312 shares during the period. Harbor Investment Advisory LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the first 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. CoreCap Advisors LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 17.9% during the second quarter. CoreCap Advisors LLC now owns 4,443 shares of the company’s stock worth $228,000 after buying an additional 675 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 1.8% during the first quarter. EverSource Wealth Advisors LLC now owns 46,046 shares of the company’s stock worth $2,359,000 after buying an additional 824 shares in the last quarter.

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.