iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Increases Dividend to $0.21 Per Share

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) declared a monthly dividend on Thursday, December 18th. Shareholders of record on Friday, December 19th will be given a dividend of 0.2062 per share on Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, December 19th. This is a 2.2% increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ USIG opened at $52.01 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $49.10 and a 1 year high of $52.72. The firm has a fifty day moving average price of $52.13 and a 200-day moving average price of $51.69.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in USIG. Farmers & Merchants Investments Inc. bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $31,000. Thompson Investment Management Inc. purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $38,000. CoreCap Advisors LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% during the third quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after buying an additional 499 shares during the last quarter. Trust Co. of Vermont raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% during the third quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock valued at $46,000 after buying an additional 567 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter worth $51,000.

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.