JPMorgan Chase & Co. Acquires 45,662 Shares of iShares Broad USD Investment Grade Corporate Bond ETF $USIG

JPMorgan Chase & Co. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,422,206 shares of the company’s stock after buying an additional 45,662 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $74,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in USIG. Thompson Investment Management Inc. purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $38,000. CoreCap Advisors LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% during the 3rd quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after acquiring an additional 499 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% during the third quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock worth $46,000 after purchasing an additional 567 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter worth about $66,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter worth approximately $93,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.4%

Shares of USIG opened at $51.15 on Thursday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.10 and a 1-year high of $52.72. The firm’s 50 day simple moving average is $51.92 and its 200 day simple moving average is $52.02.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.203 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

iShares Broad USD Investment Grade Corporate Bond ETF 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.