iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Volume Increase

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw unusually-high trading volume on Thursday . Approximately 3,055,985 shares changed hands during trading, an increase of 183% from the previous session’s volume of 1,078,150 shares.The stock last traded at $52.12 and had previously closed at $52.09.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The firm has a fifty day simple moving average of $51.27 and a two-hundred day simple moving average of $50.56.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1913 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in USIG. Clearbridge Investments LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 10,389 shares of the company’s stock worth $533,000 after purchasing an additional 372 shares during the period. Kingfisher Capital LLC boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.4% during the 2nd quarter. Kingfisher Capital LLC now owns 19,855 shares of the company’s stock valued at $997,000 after acquiring an additional 474 shares in the last quarter. Azimuth Capital Investment Management LLC boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 10.9% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 4,865 shares of the company’s stock valued at $249,000 after acquiring an additional 480 shares in the last quarter. Arden Trust Co grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the 2nd quarter. Arden Trust Co now owns 25,039 shares of the company’s stock worth $1,257,000 after acquiring an additional 604 shares during the period. Finally, Independence Bank of Kentucky bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $34,000.

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.