Bank of New York Mellon Corp Buys 115,328 Shares of iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Bank of New York Mellon Corp grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 7.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,568,962 shares of the company’s stock after acquiring an additional 115,328 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $81,225,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $32,000. American National Bank & Trust bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $68,000. CoreCap Advisors LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 164.2% in the 4th quarter. CoreCap Advisors LLC now owns 1,958 shares of the company’s stock valued at $101,000 after purchasing an additional 1,217 shares during the period. Creative Financial Designs Inc. ADV grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,253 shares of the company’s stock valued at $118,000 after purchasing an additional 405 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 64.5% in the third quarter. Parallel Advisors LLC now owns 3,450 shares of the company’s stock valued at $180,000 after acquiring an additional 1,353 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.1%

NASDAQ:USIG opened at $50.84 on Tuesday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $50.40 and a 1 year high of $52.72. The firm has a 50 day moving average of $51.20 and a 200-day moving average of $51.63.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.2074 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, June 1st.

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.