Manning & Napier Advisors LLC Cuts Stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Manning & Napier Advisors LLC decreased its position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,412 shares of the company’s stock after selling 58,153 shares during the period. Manning & Napier Advisors LLC owned about 0.18% of iShares Broad USD Investment Grade Corporate Bond ETF worth $21,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Trivant Custom Portfolio Group LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 93.5% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 160,181 shares of the company’s stock worth $8,422,000 after purchasing an additional 77,404 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 30,789 shares of the company’s stock valued at $1,619,000 after acquiring an additional 762 shares during the period. Bartlett & CO. Wealth Management LLC boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 22.4% during the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 201,453 shares of the company’s stock worth $10,592,000 after acquiring an additional 36,838 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% in the 3rd quarter. ST Germain D J Co. Inc. now owns 232,035 shares of the company’s stock worth $12,200,000 after acquiring an additional 25,706 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 4.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 11,331 shares of the company’s stock valued at $596,000 after purchasing an additional 525 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.0 %

USIG traded down $0.01 during trading on Wednesday, reaching $50.65. 83,324 shares of the stock were exchanged, compared to its average volume of 1,192,762. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $49.08 and a 1 year high of $52.94. The business’s 50 day moving average price is $50.66 and its two-hundred day moving average price is $51.30.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.1994 dividend. This represents a $2.39 dividend on an annualized basis and a dividend yield of 4.72%. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, December 18th.

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.