iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Increases Dividend to $0.20 Per Share

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) declared a monthly dividend on Wednesday, September 30th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.2037 per share on Tuesday, October 6th. This represents a $2.44 annualized dividend and a yield of 4.8%. The ex-dividend date is Thursday, October 1st. This is a 0.8% increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2020.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.0%

Shares of NASDAQ IGSB opened at $51.23 on Thursday. The firm’s 50-day moving average is $51.87 and its two-hundred day moving average is $52.20. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.14 and a 12-month high of $53.25.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Captrust Financial Advisors increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after purchasing an additional 276,694 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 826,787 shares of the company’s stock valued at $43,456,000 after buying an additional 30,034 shares during the last quarter. Parallel Advisors LLC lifted its stake 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 valued at $34,451,000 after buying an additional 369,284 shares during the period. Monograph Wealth Advisors LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% in the 1st quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock worth $33,459,000 after acquiring an additional 71,550 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 17.2% in the 1st quarter. Bank of New York Mellon Corp now owns 519,996 shares of the company’s stock valued at $27,331,000 after acquiring an additional 76,230 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.