Maripau Wealth Management LLC Takes Position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Maripau Wealth Management LLC bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,293 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock valued at $31,000 after buying an additional 208 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after acquiring an additional 827 shares in the last quarter. Richardson Financial Services Inc. increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% during the 4th quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $90,000 after acquiring an additional 400 shares in the last quarter. Quent Capital LLC increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 571.1% during the 4th quarter. Quent Capital LLC now owns 1,926 shares of the company’s stock worth $97,000 after purchasing an additional 1,639 shares in the last quarter. Finally, Independence Bank of Kentucky increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 223.2% during the 4th quarter. Independence Bank of Kentucky now owns 2,427 shares of the company’s stock worth $122,000 after purchasing an additional 1,676 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of USIG opened at $51.43 on Friday. The firm has a 50 day simple moving average of $50.46 and a 200-day simple moving average of $51.25. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.08 and a 1-year high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1946 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Monday, February 3rd.

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.