iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Reaches New 1-Year High at $52.33

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $52.33 and last traded at $52.32, with a volume of 26000 shares changing hands. The stock had previously closed at $52.29.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.1 %

The firm’s fifty day moving average is $51.23 and its 200-day moving average is $50.54.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.1913 per share. The ex-dividend date of this dividend is Tuesday, September 3rd.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kingfisher Capital LLC boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.4% during the 2nd quarter. Kingfisher Capital LLC now owns 19,855 shares of the company’s stock worth $997,000 after buying an additional 474 shares during the period. EverSource Wealth Advisors LLC boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 14.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 33,228 shares of the company’s stock worth $1,702,000 after buying an additional 4,318 shares during the period. Waterloo Capital L.P. boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 11.1% during the 2nd quarter. Waterloo Capital L.P. now owns 190,167 shares of the company’s stock worth $9,548,000 after buying an additional 19,023 shares during the period. TIAA Trust National Association boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 50.3% during the 2nd quarter. TIAA Trust National Association now owns 4,727,212 shares of the company’s stock worth $237,353,000 after buying an additional 1,582,867 shares during the period. Finally, Crestwood Advisors Group LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 203,320 shares of the company’s stock worth $10,209,000 after purchasing an additional 29,929 shares during the period.

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.