Financial Avengers Inc. Has $3.31 Million Stock Holdings in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Financial Avengers Inc. raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 17.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 64,262 shares of the company’s stock after buying an additional 9,642 shares during the period. iShares Broad USD Investment Grade Corporate Bond ETF accounts for 1.5% of Financial Avengers Inc.’s holdings, making the stock its 16th largest holding. Financial Avengers Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1,153.2% during the second quarter. Harbor Capital Advisors Inc. now owns 2,707 shares of the company’s stock worth $139,000 after acquiring an additional 2,491 shares during the period. Private Trust Co. NA grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 126.2% during the 2nd quarter. Private Trust Co. NA now owns 4,821 shares of the company’s stock worth $248,000 after purchasing an additional 2,690 shares in the last quarter. TIAA Trust National Association increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 317.1% in the 2nd quarter. TIAA Trust National Association now owns 23,177,950 shares of the company’s stock valued at $1,189,420,000 after buying an additional 17,621,424 shares during the period. Cahill Financial Advisors Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $536,000. Finally, Farmers & Merchants Investments Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at $31,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ USIG opened at $52.42 on Thursday. The stock has a 50-day moving average price of $52.19 and a two-hundred day moving average price of $51.52. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $49.10 and a 12 month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were issued a $0.2019 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, November 3rd.

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.