iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Strong Trading Volume – Here’s Why

Shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw unusually-high trading volume on Monday . Approximately 2,554,122 shares changed hands during mid-day trading, an increase of 142% from the previous session’s volume of 1,056,902 shares.The stock last traded at $51.40 and had previously closed at $51.76.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

The company’s 50 day simple moving average is $52.15 and its 200-day simple moving average is $50.96.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1913 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in USIG. Independence Bank of Kentucky purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth approximately $34,000. Lynx Investment Advisory purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth approximately $140,000. Financial Management Professionals Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $226,000. Edmonds Duncan Registered Investment Advisors LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth approximately $228,000. Finally, Coulter & Justus Financial Services LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $251,000.

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.