Financial Avengers Inc. Boosts Stake in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Financial Avengers Inc. grew its position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 23.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,019 shares of the company’s stock after buying an additional 17,194 shares during the quarter. iShares Broad USD Investment Grade Corporate Bond ETF accounts for 1.9% of Financial Avengers Inc.’s holdings, making the stock its 14th largest holding. Financial Avengers Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $4,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. TIAA Trust National Association grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock worth $1,327,404,000 after purchasing an additional 1,002,085 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock valued at $579,811,000 after purchasing an additional 1,530,288 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,568,962 shares of the company’s stock valued at $81,225,000 after buying an additional 115,328 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,449,857 shares of the company’s stock valued at $75,059,000 after buying an additional 27,651 shares during the period. Finally, Crestwood Advisors Group LLC grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock worth $33,656,000 after buying an additional 112,916 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $51.23 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $50.48 and a 52 week high of $52.72. The firm has a 50 day moving average of $51.20 and a two-hundred day moving average of $51.57.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

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