Compass Financial Group Inc. Increases Stock Holdings in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Compass Financial Group Inc. increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 4.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,117 shares of the company’s stock after purchasing an additional 1,765 shares during the period. iShares Broad USD Investment Grade Corporate Bond ETF comprises 1.1% of Compass Financial Group Inc.’s holdings, making the stock its 27th largest holding. Compass Financial Group Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $2,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $34,000. Lynx Investment Advisory acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $140,000. Edmonds Duncan Registered Investment Advisors LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $228,000. Sonata Capital Group Inc. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $248,000. Finally, Wellington Wealth Strategies LLC. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 1st quarter valued at about $288,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of USIG stock opened at $51.26 on Tuesday. The business has a 50-day simple moving average of $51.93 and a 200-day simple moving average of $51.12. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $47.84 and a 52-week high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1913 dividend. This represents a $2.30 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.