Janney Montgomery Scott LLC Decreases Stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Janney Montgomery Scott LLC cut its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 47,107 shares of the company’s stock after selling 876 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $2,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. AdvisorNet Financial Inc grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% during the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after acquiring an additional 208 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% during the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock worth $68,000 after purchasing an additional 827 shares during the last quarter. Captrust Financial Advisors grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% in the third quarter. Captrust Financial Advisors now owns 4,243 shares of the company’s stock worth $223,000 after purchasing an additional 235 shares in the last quarter. Sonata Capital Group Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter worth about $248,000. Finally, Farther Finance Advisors LLC increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 83.2% in the third 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 last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.2 %

NASDAQ:USIG opened at $50.58 on Friday. The business’s 50 day moving average is $50.64 and its two-hundred day moving average is $51.29. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $49.08 and a 52 week high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1994 per share. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.39 annualized dividend and a yield of 4.73%.

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.