United Advisor Group LLC Acquires Shares of 17,370 iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

United Advisor Group LLC acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,370 shares of the company’s stock, valued at approximately $913,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of USIG. Farther Finance Advisors LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 83.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 6,806 shares of the company’s stock valued at $358,000 after buying an additional 3,090 shares during the period. Arkadios Wealth Advisors increased its position in 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 valued at $596,000 after acquiring an additional 525 shares during the last quarter. ST Germain D J Co. Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 12.5% in the third quarter. ST Germain D J Co. Inc. now owns 232,035 shares of the company’s stock valued at $12,200,000 after acquiring an additional 25,706 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 22.4% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 201,453 shares of the company’s stock worth $10,592,000 after acquiring an additional 36,838 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its stake 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 worth $1,619,000 after purchasing an additional 762 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $51.00 on Tuesday. The company’s 50-day moving average is $52.01 and its 200 day moving average is $51.06. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $47.73 and a 1-year high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be given a dividend of $0.1913 per share. This represents a $2.30 annualized dividend and a dividend yield of 4.50%. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend is Friday, November 1st.

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.