Farther Finance Advisors LLC Boosts Stock Position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Farther Finance Advisors LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 83.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,806 shares of the company’s stock after buying an additional 3,090 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $358,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter worth $34,000. Lynx Investment Advisory bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $140,000. Edmonds Duncan Registered Investment Advisors LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $228,000. Wellington Wealth Strategies LLC. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter worth approximately $288,000. Finally, Arkadios Wealth Advisors increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 42.6% in the 2nd quarter. Arkadios Wealth Advisors now owns 10,806 shares of the company’s stock worth $543,000 after purchasing an additional 3,230 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

NASDAQ:USIG opened at $51.22 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $47.81 and a fifty-two week high of $52.94. The business has a 50 day moving average price of $51.95 and a 200-day moving average price of $51.07.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

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

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.