Arden Trust Co trimmed its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,125 shares of the company's stock after selling 4,795 shares during the period. iShares Broad USD Investment Grade Corporate Bond ETF comprises approximately 0.9% of Arden Trust Co's investment portfolio, making the stock its 24th largest holding. Arden Trust Co owned 0.06% of iShares Broad USD Investment Grade Corporate Bond ETF worth $4,230,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in USIG. Bartlett & Co. LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $43,000. Private Trust Co. NA raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1,156.9% in the third quarter. Private Trust Co. NA now owns 2,011 shares of the company's stock valued at $97,000 after buying an additional 1,851 shares during the period. Baker Avenue Asset Management LP bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at $230,000. Captrust Financial Advisors lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.0% during the 3rd quarter. Captrust Financial Advisors now owns 5,958 shares of the company's stock valued at $286,000 after buying an additional 228 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter worth $546,000.
Get iShares Broad USD Investment Grade Corporate Bond ETF alerts:iShares Broad USD Investment Grade Corporate Bond ETF Price Performance
Shares of USIG opened at $51.04 on Thursday. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $46.47 and a fifty-two week high of $54.40. The business has a 50-day moving average of $50.13 and a 200 day moving average of $49.47.
iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Friday, April 7th. Stockholders of record on Tuesday, April 4th will be paid a $0.158 dividend. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF's previous monthly dividend of $0.15. The ex-dividend date of this dividend is Monday, April 3rd. This represents a $1.90 annualized dividend and a dividend yield of 3.71%.
iShares Broad USD Investment Grade Corporate Bond ETF Company Profile
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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.
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