Cahill Financial Advisors Inc. Has $206,000 Position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Cahill Financial Advisors Inc. trimmed its position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) by 74.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,916 shares of the company’s stock after selling 11,432 shares during the period. Cahill Financial Advisors Inc.’s holdings in iShares Broad USD Investment Grade Corporate Bond ETF were worth $206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of USIG. TIAA Trust National Association lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.3% during the 2nd quarter. TIAA Trust National Association now owns 4,727,212 shares of the company’s stock valued at $237,353,000 after purchasing an additional 1,582,867 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at approximately $24,068,000. Crestwood Advisors Group LLC increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 41.6% during the third quarter. Crestwood Advisors Group LLC now owns 287,881 shares of the company’s stock worth $15,137,000 after acquiring an additional 84,561 shares in the last quarter. Trivant Custom Portfolio Group LLC raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 93.5% during the third quarter. Trivant Custom Portfolio Group LLC now owns 160,181 shares of the company’s stock worth $8,422,000 after acquiring an additional 77,404 shares during the period. Finally, ST Germain D J Co. Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 29.7% in the 2nd quarter. ST Germain D J Co. Inc. now owns 206,329 shares of the company’s stock valued at $10,360,000 after acquiring an additional 47,187 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $50.85 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $48.95 and a one year high of $52.94. The stock’s 50-day moving average is $51.66 and its 200-day moving average is $51.19.

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 issued a dividend of $0.1913 per share. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date was Friday, November 1st. This represents a $2.30 annualized dividend and a yield of 4.52%.

iShares Broad USD Investment Grade Corporate Bond ETF 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.