iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Hits New 52-Week Low – What’s Next?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) hit a new 52-week low during trading on Monday . The company traded as low as $50.13 and last traded at $50.15, with a volume of 1062796 shares trading hands. The stock had previously closed at $50.28.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.3%

The company’s 50 day simple moving average is $50.77 and its 200 day simple moving average is $51.23.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.2064 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, August 3rd. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the business. Garton & Associates Financial Advisors LLC acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $26,000. Creative Capital Management Investments LLC bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth $34,000. Harbor Investment Advisory LLC lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the first quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock valued at $35,000 after acquiring an additional 661 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $52,000. Finally, Centennial Bank AR acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth about $66,000.

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.