iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Hits New 1-Year Low – Here’s What Happened

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)’s share price hit a new 52-week low on Friday . The company traded as low as $52.12 and last traded at $52.13, with a volume of 1268785 shares trading hands. The stock had previously closed at $52.30.

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

The business’s 50-day simple moving average is $52.46 and its two-hundred day simple moving average is $52.75.

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

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.1996 dividend. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, June 1st.

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

Hedge funds have recently added to or reduced their stakes in the stock. RiverFront Investment Group LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 212.1% during the fourth quarter. RiverFront Investment Group LLC now owns 1,368,310 shares of the company’s stock worth $72,356,000 after purchasing an additional 929,944 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 3,466,237 shares of the company’s stock worth $183,815,000 after purchasing an additional 586,487 shares during the period. Parallel Advisors LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% during the first quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock worth $34,451,000 after purchasing an additional 369,284 shares during the period. Captrust Financial Advisors lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% during the third 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, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 41.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,094,500 shares of the company’s stock worth $57,877,000 after purchasing an additional 320,500 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.