iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Reaches New 1-Year Low – Time to Sell?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $51.47 and last traded at $51.47, with a volume of 7131658 shares trading hands. The stock had previously closed at $51.50.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.2%

The company has a fifty day moving average of $52.00 and a 200 day moving average of $52.29.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.202 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IGSB. Captrust Financial Advisors increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% in the fourth quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after buying an additional 276,694 shares during the last quarter. Parkside Investments LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the fourth quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock valued at $84,875,000 after purchasing an additional 39,720 shares during the last quarter. One Capital Management LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock valued at $72,736,000 after purchasing an additional 95,046 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 826,787 shares of the company’s stock worth $43,456,000 after purchasing an additional 30,034 shares during the period. Finally, Parallel Advisors LLC boosted its position in 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. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.