JPMorgan Chase & Co. Has $63.42 Million Stake in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

JPMorgan Chase & Co. grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,261,410 shares of the company’s stock after purchasing an additional 89,175 shares during the period. JPMorgan Chase & Co. owned approximately 0.52% of iShares Broad USD Investment Grade Corporate Bond ETF worth $63,424,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. AdvisorNet Financial Inc boosted its stake in shares of 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 valued at $31,000 after buying an additional 208 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $49,000. Sunbelt Securities Inc. increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% in the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock worth $68,000 after buying an additional 827 shares during the last quarter. Richardson Financial Services Inc. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% during the 4th quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $90,000 after purchasing an additional 400 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 34.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,848 shares of the company’s stock worth $93,000 after buying an additional 473 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.1 %

Shares of iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $51.07 on Friday. The stock has a 50 day moving average price of $50.86 and a two-hundred day moving average price of $51.05. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $49.08 and a 12-month high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.1947 per share. This represents a $2.34 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date was Tuesday, April 1st.

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.