iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Volume Increase – Time to Buy?

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw strong trading volume on Monday . 8,760,520 shares changed hands during mid-day trading, an increase of 751% from the previous session’s volume of 1,029,891 shares.The stock last traded at $51.07 and had previously closed at $50.90.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

The firm’s 50 day simple moving average is $50.57 and its 200 day simple moving average is $51.20.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.196 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Compass Financial Group Inc. increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.2% in the third quarter. Compass Financial Group Inc. now owns 44,117 shares of the company’s stock valued at $2,320,000 after purchasing an additional 1,765 shares during the period. EverSource Wealth Advisors LLC grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 19.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 39,620 shares of the company’s stock valued at $2,083,000 after acquiring an additional 6,392 shares during the period. Private Trust Co. NA increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 392.0% during the third quarter. Private Trust Co. NA now owns 9,894 shares of the company’s stock worth $520,000 after purchasing an additional 7,883 shares in the last quarter. Capital Square LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter valued at approximately $976,000. Finally, BNP Paribas Financial Markets lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 168.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 314,312 shares of the company’s stock valued at $16,527,000 after purchasing an additional 197,012 shares in the last quarter.

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.