iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw strong trading volume on Monday . 8,760,520 shares traded hands during trading, an increase of 751% from the previous session’s volume of 1,029,891 shares.The stock last traded at $51.07 and had previously closed at $50.90.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.3 %

The firm’s 50-day moving average price is $50.54 and its 200 day moving average price is $51.22.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.196 per share. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Leavell Investment Management Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth about $1,417,000. Compass Financial Group Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.2% during the 3rd quarter. Compass Financial Group Inc. now owns 44,117 shares of the company’s stock valued at $2,320,000 after purchasing an additional 1,765 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 19.2% during the third quarter. EverSource Wealth Advisors LLC now owns 39,620 shares of the company’s stock valued at $2,083,000 after purchasing an additional 6,392 shares during the last quarter. Private Trust Co. NA grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 392.0% during the third quarter. Private Trust Co. NA now owns 9,894 shares of the company’s stock valued at $520,000 after buying an additional 7,883 shares during the last quarter. Finally, Capital Square LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter worth $976,000.

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.