Financial Avengers Inc. Grows Position in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Financial Avengers Inc. increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 23.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 90,019 shares of the company’s stock after buying an additional 17,194 shares during the quarter. iShares Broad USD Investment Grade Corporate Bond ETF accounts for about 1.9% of Financial Avengers Inc.’s holdings, making the stock its 14th biggest position. Financial Avengers Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $4,660,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after acquiring an additional 1,735,043 shares during the period. BNP Paribas Financial Markets boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 22.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 80,100 shares of the company’s stock worth $4,120,000 after purchasing an additional 14,800 shares during the period. Tolleson Wealth Management Inc. grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% during the 2nd quarter. Tolleson Wealth Management Inc. now owns 33,073 shares of the company’s stock worth $1,701,000 after purchasing an additional 5,175 shares during the last quarter. Captrust Financial Advisors grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% during the 2nd quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock worth $27,731,000 after purchasing an additional 13,481 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock valued at $74,268,000 after purchasing an additional 45,662 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $51.23 on Friday. The firm’s fifty day moving average is $51.20 and its two-hundred day moving average is $51.57. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $50.48 and a one year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.2074 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.9%.

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.