iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sets New 52-Week Low – Should You Sell?

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) reached a new 52-week low on Wednesday . The company traded as low as $49.39 and last traded at $49.3750, with a volume of 730738 shares changing hands. The stock had previously closed at $49.76.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The stock’s 50 day moving average is $50.18 and its 200-day moving average is $50.83.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.2041 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 1st.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TIAA Trust National Association boosted its stake 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 worth $1,327,404,000 after buying an additional 1,002,085 shares during the period. Bank of New York Mellon Corp raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after purchasing an additional 14,073 shares during the period. Strategic Investment Advisors MI lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% in the first quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock worth $21,856,000 after purchasing an additional 192,960 shares during the last quarter. Blue Edge Capital LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.5% during the first quarter. Blue Edge Capital LLC now owns 426,168 shares of the company’s stock valued at $21,833,000 after buying an additional 14,314 shares during the period. Finally, Financial Avengers Inc. grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% during the first quarter. Financial Avengers Inc. now owns 101,248 shares of the company’s stock valued at $5,187,000 after buying an additional 11,229 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Company 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.