Capital Square LLC Raises Position in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Capital Square LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,466 shares of the company’s stock after acquiring an additional 1,606 shares during the quarter. Capital Square LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $1,143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Azimuth Capital Investment Management LLC boosted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% in the 1st quarter. Azimuth Capital Investment Management LLC now owns 4,508 shares of the company’s stock valued at $230,000 after purchasing an additional 268 shares in the last quarter. AdvisorNet Financial Inc boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 30.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 1,173 shares of the company’s stock worth $60,000 after purchasing an additional 275 shares in the last quarter. Richardson Financial Services Inc. grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 16.9% during the 2nd quarter. Richardson Financial Services Inc. now owns 2,262 shares of the company’s stock worth $116,000 after purchasing an additional 327 shares during the period. Arkadios Wealth Advisors grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 16,161 shares of the company’s stock worth $831,000 after purchasing an additional 390 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.7% in the second quarter. Janney Montgomery Scott LLC now owns 60,295 shares of the company’s stock valued at $3,102,000 after purchasing an additional 396 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock opened at $51.77 on Monday. The company’s 50-day moving average price is $52.23 and its 200 day moving average price is $51.43. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $49.10 and a 52 week high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a $0.2019 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Monday, November 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.