17,370 Shares in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Acquired by United Advisor Group LLC

United Advisor Group LLC bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,370 shares of the company’s stock, valued at approximately $913,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kingfisher Capital LLC lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 2.4% in the second quarter. Kingfisher Capital LLC now owns 19,855 shares of the company’s stock valued at $997,000 after acquiring an additional 474 shares during the period. Arkadios Wealth Advisors raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 11,331 shares of the company’s stock worth $596,000 after acquiring an additional 525 shares during the period. Arden Trust Co grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the 2nd quarter. Arden Trust Co now owns 25,039 shares of the company’s stock valued at $1,257,000 after acquiring an additional 604 shares during the period. Independence Bank of Kentucky purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth $34,000. Finally, Valeo Financial Advisors LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% in the 3rd quarter. Valeo Financial Advisors LLC now owns 30,789 shares of the company’s stock worth $1,619,000 after purchasing an additional 762 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

NASDAQ:USIG opened at $51.00 on Tuesday. The stock has a 50-day simple moving average of $52.01 and a two-hundred day simple moving average of $51.06. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $47.73 and a 52-week high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.1913 per share. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.30 dividend on an annualized basis and a yield of 4.50%.

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.