iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Unusually-High Trading Volume – What’s Next?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) shares saw unusually-high trading volume on Monday . Approximately 8,760,520 shares traded hands during mid-day trading, an increase of 751% from the previous session’s volume of 1,029,891 shares.The stock last traded at $51.07 and had previously closed at $50.90.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The stock has a 50-day simple moving average of $50.54 and a 200-day simple moving average of $51.22.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.196 per share. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after acquiring an additional 208 shares during the last quarter. Ameriflex Group Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $38,000. Murphy & Mullick Capital Management Corp acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $49,000. Sunbelt Securities Inc. raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after acquiring an additional 827 shares during the period. Finally, Richardson Financial Services Inc. lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% during the fourth quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock worth $90,000 after acquiring an additional 400 shares in the last quarter.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.