Sumitomo Mitsui Trust Group Inc. Sells 98,800 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Sumitomo Mitsui Trust Group Inc. decreased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 817,000 shares of the company’s stock after selling 98,800 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $43,105,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IGSB. Keystone Global Partners LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 108.8% during the second quarter. Keystone Global Partners LLC now owns 520,705 shares of the company’s stock worth $27,000 after buying an additional 271,286 shares during the last quarter. Private Wealth Asset Management LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth about $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth about $46,000. Valley Wealth Managers Inc. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 64.6% during the first quarter. Valley Wealth Managers Inc. now owns 1,236 shares of the company’s stock worth $65,000 after buying an additional 485 shares during the last quarter. Finally, Olde Wealth Management LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth about $68,000. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of IGSB opened at $53.16 on Tuesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.39 and a 1 year high of $53.17. The stock’s 50-day moving average price is $52.99 and its two-hundred day moving average price is $52.60.

iShares 1-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.1987 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.