Capital Square LLC Takes $976,000 Position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Capital Square LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 18,555 shares of the company’s stock, valued at approximately $976,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $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 approximately $140,000. Edmonds Duncan Registered Investment Advisors LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $228,000. Sonata Capital Group Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at about $248,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 83.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,806 shares of the company’s stock valued at $358,000 after acquiring an additional 3,090 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.8 %

Shares of NASDAQ USIG traded up $0.41 during midday trading on Monday, reaching $51.26. The company’s stock had a trading volume of 41,544 shares, compared to its average volume of 1,039,447. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $48.99 and a fifty-two week high of $52.94. The business’s 50 day moving average price is $51.66 and its two-hundred day moving average price is $51.19.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

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

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.