Ameriprise Financial Inc. Raises Position in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Ameriprise Financial Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,508,464 shares of the company’s stock after acquiring an additional 1,530,288 shares during the quarter. Ameriprise Financial Inc. owned 3.96% of iShares Broad USD Investment Grade Corporate Bond ETF worth $579,811,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. TIAA Trust National Association grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 6.1% during the 3rd quarter. TIAA Trust National Association now owns 24,591,007 shares of the company’s stock worth $1,284,142,000 after acquiring an additional 1,413,057 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock worth $74,268,000 after buying an additional 45,662 shares during the last quarter. Captrust Financial Advisors lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% during the 2nd quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock worth $27,731,000 after buying an additional 13,481 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.0% during the 3rd quarter. Crestwood Advisors Group LLC now owns 537,199 shares of the company’s stock worth $28,053,000 after acquiring an additional 81,924 shares in the last quarter. Finally, ST Germain D J Co. Inc. boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.4% during the 3rd quarter. ST Germain D J Co. Inc. now owns 398,582 shares of the company’s stock worth $20,814,000 after acquiring an additional 13,082 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.3%

USIG opened at $50.97 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $49.10 and a one year high of $52.72. The business’s 50-day simple moving average is $51.96 and its 200-day simple moving average is $52.04.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.203 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Monday, March 2nd.

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.