iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sets New 1-Year Low – What’s Next?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $49.82 and last traded at $50.01, with a volume of 261 shares traded. The stock had previously closed at $50.00.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $50.40 and its two-hundred day simple moving average is $50.99.

iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a $0.2041 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 1st.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $144,000. Continuum Advisory LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth approximately $80,000. Blue Edge Capital LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter valued at $21,857,000. CoreCap Advisors LLC increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 17.9% during the second quarter. CoreCap Advisors LLC now owns 4,443 shares of the company’s stock valued at $228,000 after buying an additional 675 shares during the period. Finally, Financial Avengers Inc. boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% during the first quarter. Financial Avengers Inc. now owns 101,248 shares of the company’s stock valued at $5,187,000 after purchasing an additional 11,229 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.