Trivant Custom Portfolio Group LLC, a reputable investment management firm, has recently made a strategic move in the financial market. According to their 13F filing with the Securities and Exchange Commission, Trivant Custom Portfolio Group LLC has acquired a new position by purchasing shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) during the first quarter of this year. The firm now holds 66,979 shares of the company’s stock, amounting to approximately $3,393,000.
iShares Broad USD Investment Grade Corporate Bond ETF is a well-known exchange-traded fund that focuses on high-quality corporate bonds issued in US dollars. As of now, it constitutes about 2.4% of Trivant Custom Portfolio Group LLC’s overall holdings and ranks as their tenth largest position.
For investors interested in exploring other hedge funds involved with iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG), HoldingsChannel.com provides valuable insights by offering the latest 13F filings and insider trades related to this specific exchange-traded fund.
Furthermore, it is important to note that iShares Broad USD Investment Grade Corporate Bond ETF recently declared their monthly dividend. The dividend was paid on September 8th to stockholders who were recorded on September 5th. Shareholders received a divident of $0.1763 per share. Considering this rate on an annualized basis, it amounts to $2.12 per share and presents a dividend yield of 4.33%.
This recent move by Trivant Custom Portfolio Group LLC showcases their confidence in the potential growth and stability provided by iShares Broad USD Investment Grade Corporate Bond ETF amidst the ever-changing financial landscape. It also emphasizes the firm’s dedication to diversifying their portfolio and maximizing returns for their clients.
As always, investors should conduct thorough research and seek professional advice before making any investment decisions.
Institutional Investors Make Significant Changes to Holdings in the iShares Broad USD Investment Grade Corporate Bond ETF (USIG)
On September 13, 2023, various institutional investors were observed making significant changes to their positions in the iShares Broad USD Investment Grade Corporate Bond ETF (USIG). Among these investors, JPMorgan Chase & Co. exhibited a perplexing increase of 2,420.7% in its holdings during the first quarter. This surge resulted in JPMorgan Chase & Co. now owning 12,553 shares valued at $691,000 after acquiring an additional 12,055 shares.
Another institutional investor, Baird Financial Group Inc., displayed a modest rise of 2.0% in its holdings during the same period. The company now possesses 26,993 shares valued at $1,486,000 after obtaining an additional 542 shares within the last quarter.
Clearbridge Investments LLC also witnessed an intriguing boost in its position by approximately 17.4% during the first quarter. As a result, Clearbridge Investments LLC now holds 82,856 shares valued at $4,560,000 after a recent acquisition of an additional 12,290 shares.
Additionally, BNP Paribas Arbitrage SA ventured into the market and secured a new position in USIG during the first quarter. The exact value of this position is yet to be disclosed; however it is estimated to be around $619,000.
Lastly but not leastly (and apologies for possible repetitions) Captrust Financial Advisors made an intricate advancement in their stake by approximately 25.3% during the second quarter. They now own a total of 7,264 shares amounting to $370,000 after purchasing an additional 1,465 shares.
It is important to note that on Wednesday NASDAQ USIG opened at $48.86 with a fifty day simple moving average standing at $49.36 and its two hundred day simple moving average recorded as $49.91. Moreover USIG’s market performance displayed a 52-week low of $46.47 and a 52-week high of $51.77.
The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that adheres to the ICE BofA US Corporate index. This fund tracks a market-value-weighted index of investment-grade corporate debt denominated in USD. Notably, USIG was launched on January 5, 2007, and is meticulously managed by BlackRock.
In summary, these recent developments highlight the ever-changing landscape of institutional investments in USIG. The perplexing changes in holdings and acquisitions made by notable investors present a dynamic situation within the market. As the values continue to fluctuate within a defined range, it remains to be seen how these investments will impact the performance of USIG moving forward.