Bank of New York Mellon Corp Increases Stake in iShares Broad USD Investment Grade Corporate Bond ETF $USIG

Bank of New York Mellon Corp grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,583,035 shares of the company’s stock after buying an additional 14,073 shares during the period. Bank of New York Mellon Corp owned 0.48% of iShares Broad USD Investment Grade Corporate Bond ETF worth $81,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after acquiring an additional 1,735,043 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 22.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 80,100 shares of the company’s stock valued at $4,120,000 after acquiring an additional 14,800 shares during the last quarter. Tolleson Wealth Management Inc. lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% in the 2nd quarter. Tolleson Wealth Management Inc. now owns 33,073 shares of the company’s stock worth $1,701,000 after purchasing an additional 5,175 shares in the last quarter. Captrust Financial Advisors lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% in the 2nd quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock worth $27,731,000 after purchasing an additional 13,481 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 64.5% in the 3rd quarter. Parallel Advisors LLC now owns 3,450 shares of the company’s stock worth $180,000 after purchasing an additional 1,353 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG opened at $50.50 on Wednesday. The firm has a 50-day simple moving average of $51.02 and a two-hundred day simple moving average of $51.43. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $50.48 and a 52 week high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2016 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Wednesday, July 1st.

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.