Davidson Trust Co. Buys 2,365 Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Davidson Trust Co. grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 20.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,174 shares of the company’s stock after purchasing an additional 2,365 shares during the quarter. Davidson Trust Co.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $713,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 31,416 shares of the company’s stock worth $1,580,000 after purchasing an additional 627 shares in the last quarter. Quent Capital LLC increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 571.1% in the 4th quarter. Quent Capital LLC now owns 1,926 shares of the company’s stock worth $97,000 after acquiring an additional 1,639 shares in the last quarter. Richardson Financial Services Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% in the 4th quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock worth $90,000 after acquiring an additional 400 shares in the last quarter. Independence Bank of Kentucky increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 223.2% during the 4th quarter. Independence Bank of Kentucky now owns 2,427 shares of the company’s stock valued at $122,000 after purchasing an additional 1,676 shares in the last quarter. Finally, Fifth Third Securities Inc. increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 144.8% during the 4th quarter. Fifth Third Securities Inc. now owns 32,763 shares of the company’s stock valued at $1,647,000 after purchasing an additional 19,382 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ:USIG opened at $50.73 on Tuesday. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $49.08 and a fifty-two week high of $52.94. The firm has a 50-day simple moving average of $50.46 and a two-hundred day simple moving average of $51.27.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1946 per share. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, February 3rd.

iShares Broad USD Investment Grade Corporate Bond ETF 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.