Bank of New York Mellon Corp Increases Stock Holdings in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Bank of New York Mellon Corp increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 0.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,583,035 shares of the company’s stock after purchasing an additional 14,073 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $81,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of USIG. Ameriprise Financial Inc. boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock worth $509,873,000 after buying an additional 1,735,043 shares during the period. TIAA Trust National Association increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the fourth quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock valued at $1,327,404,000 after acquiring an additional 1,002,085 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at $9,061,000. Crestwood Advisors Group LLC raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after acquiring an additional 112,916 shares during the period. Finally, Virtue Capital Management LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at $3,405,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $50.50 on Wednesday. The firm has a 50-day moving average price of $51.02 and a 200-day moving average price of $51.43. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $50.48 and a 12-month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2016 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Wednesday, July 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.