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 an uptick in trading volume on Thursday . 1,147,987 shares changed hands during trading, an increase of 7% from the previous session’s volume of 1,070,946 shares.The stock last traded at $51.96 and had previously closed at $52.05.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The firm’s fifty day moving average price is $51.05 and its 200 day moving average price is $50.47.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were given a dividend of $0.1921 per share. The ex-dividend date was Thursday, August 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Penobscot Investment Management Company Inc. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 34.8% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 22,850 shares of the company’s stock worth $1,171,000 after purchasing an additional 5,900 shares during the period. Clearbridge Investments LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.7% during the fourth quarter. Clearbridge Investments LLC now owns 10,389 shares of the company’s stock worth $533,000 after purchasing an additional 372 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 36.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 25,763 shares of the company’s stock valued at $1,321,000 after purchasing an additional 6,937 shares during the period. Azimuth Capital Investment Management LLC increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 10.9% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 4,865 shares of the company’s stock worth $249,000 after buying an additional 480 shares during the period. Finally, Waterloo Capital L.P. lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 85.6% during the 4th quarter. Waterloo Capital L.P. now owns 114,759 shares of the company’s stock valued at $5,883,000 after buying an additional 52,943 shares in the last quarter.

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.