Compass Financial Group Inc. Makes New $2.16 Million Investment in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG)

Compass Financial Group Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) in the fourth quarter, Holdings Channel reports. The fund acquired 42,073 shares of the company’s stock, valued at approximately $2,157,000. iShares Broad USD Investment Grade Corporate Bond ETF accounts for approximately 1.2% of Compass Financial Group Inc.’s holdings, making the stock its 24th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USIG. NBC Securities Inc. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at about $33,000. Headinvest LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at about $44,000. Creative Financial Designs Inc. ADV boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 30.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,375 shares of the company’s stock valued at $70,000 after acquiring an additional 321 shares during the last quarter. Private Trust Co. NA boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 19.9% in the third quarter. Private Trust Co. NA now owns 2,713 shares of the company’s stock valued at $130,000 after acquiring an additional 450 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at about $172,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of USIG stock traded down $0.16 during trading on Wednesday, reaching $49.39. 701,661 shares of the company’s stock traded hands, compared to its average volume of 1,164,669. The firm’s 50-day moving average is $50.21 and its 200 day moving average is $49.82. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $46.70 and a 1 year high of $51.50.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1853 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, April 1st.

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.