Fort Washington Investment Advisors Inc. OH Makes New $1.68 Million Investment in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Fort Washington Investment Advisors Inc. OH purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 34,526 shares of the company’s stock, valued at approximately $1,682,000.

Other hedge funds have also added to or reduced their stakes in the company. Blue Edge Capital LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter valued at about $21,857,000. Financial Avengers Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 23.6% in the 4th quarter. Financial Avengers Inc. now owns 90,019 shares of the company’s stock valued at $4,660,000 after acquiring an additional 17,194 shares during the last quarter. Montecito Bank & Trust bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $718,000. Bank of New York Mellon Corp boosted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock valued at $81,099,000 after acquiring an additional 14,073 shares during the period. Finally, Strategic Investment Advisors MI boosted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% during the 1st quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock valued at $21,856,000 after acquiring an additional 192,960 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG opened at $49.16 on Friday. The stock’s 50 day simple moving average is $49.60 and its 200 day simple moving average is $50.53. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $48.30 and a 1 year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.2062 dividend. The ex-dividend date was Thursday, October 1st. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. This represents a $2.47 annualized dividend and a yield of 5.0%.

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.