iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Strong Trading Volume – Still a Buy?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw unusually-high trading volume on Tuesday . Approximately 4,008,647 shares were traded during trading, an increase of 76% from the previous session’s volume of 2,273,203 shares.The stock last traded at $52.9150 and had previously closed at $52.94.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.0%

The company’s fifty day moving average is $52.92 and its two-hundred day moving average is $52.85.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.2018 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Friday, December 19th.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

Hedge funds have recently made changes to their positions in the business. Allstate Corp lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 41.0% in the 3rd quarter. Allstate Corp now owns 6,864,741 shares of the company’s stock valued at $364,037,000 after acquiring an additional 1,997,065 shares in the last quarter. Money Design Co. Ltd. grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 89.3% in the 2nd quarter. Money Design Co. Ltd. now owns 1,266,732 shares of the company’s stock valued at $66,833,000 after buying an additional 597,669 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.4% in the third quarter. JPMorgan Chase & Co. now owns 3,466,237 shares of the company’s stock valued at $183,815,000 after acquiring an additional 586,487 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% in the 3rd quarter. Captrust Financial Advisors now owns 4,562,020 shares of the company’s stock worth $241,924,000 after purchasing an additional 356,047 shares during the period. Finally, Parkside Investments LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.4% during the 2nd quarter. Parkside Investments LLC now owns 1,320,082 shares of the company’s stock valued at $69,648,000 after purchasing an additional 275,996 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

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.