iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume – Time to Buy?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw strong trading volume on Monday . 12,420,744 shares changed hands during trading, an increase of 274% from the previous session’s volume of 3,325,407 shares.The stock last traded at $51.06 and had previously closed at $50.80.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The stock has a 50 day moving average price of $51.88 and a 200 day moving average price of $52.02.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.203 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

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

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.