Capital Square LLC Invests $976,000 in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Capital Square LLC acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the 3rd quarter, HoldingsChannel reports. The fund acquired 18,555 shares of the company’s stock, valued at approximately $976,000.

Other institutional investors have also recently made changes to their positions in the company. Kingfisher Capital LLC grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.4% during the second quarter. Kingfisher Capital LLC now owns 19,855 shares of the company’s stock worth $997,000 after buying an additional 474 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.9% during the third quarter. Arkadios Wealth Advisors now owns 11,331 shares of the company’s stock worth $596,000 after acquiring an additional 525 shares during the period. Arden Trust Co grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the second quarter. Arden Trust Co now owns 25,039 shares of the company’s stock worth $1,257,000 after acquiring an additional 604 shares during the period. Independence Bank of Kentucky purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $34,000. Finally, Valeo Financial Advisors LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Valeo Financial Advisors LLC now owns 30,789 shares of the company’s stock valued at $1,619,000 after acquiring an additional 762 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.8 %

USIG stock traded up $0.41 during trading on Monday, hitting $51.26. The stock had a trading volume of 41,544 shares, compared to its average volume of 1,039,447. The company’s 50 day moving average price is $51.66 and its two-hundred day moving average price is $51.19. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $48.99 and a 1-year high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1913 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.30 annualized dividend and a dividend yield of 4.48%. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.