Baird Financial Group Inc. Acquires 23,237 Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Baird Financial Group Inc. lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIGGet Rating) by 86.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,230 shares of the company’s stock after purchasing an additional 23,237 shares during the period. Baird Financial Group Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $2,559,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USIG. First Horizon Advisors Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter valued at $54,000. Raleigh Capital Management Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter worth about $86,000. American Trust purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at $221,000. OmniStar Financial Group Inc. grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.8% during the 2nd quarter. OmniStar Financial Group Inc. now owns 5,302 shares of the company’s stock valued at $270,000 after purchasing an additional 241 shares in the last quarter. Finally, Noesis Capital Mangement Corp bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 1st quarter worth $273,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $48.92 on Wednesday. The stock’s 50-day simple moving average is $48.26 and its two-hundred day simple moving average is $50.38. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $46.47 and a twelve month high of $60.54.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 7th. Investors of record on Wednesday, November 2nd were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, November 1st. This represents a $1.68 dividend on an annualized basis and a yield of 3.43%.

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Institutional Ownership by Quarter for iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

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