iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Trading Down 0.2%

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) traded down 0.2% during trading on Wednesday . The stock traded as low as $50.22 and last traded at $50.23. 6,251,974 shares were traded during trading, an increase of 42% from the average session volume of 4,416,766 shares. The stock had previously closed at $50.32.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1 %

The firm’s fifty day moving average price is $50.52 and its 200-day moving average price is $50.30.

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

The company also recently announced a monthly dividend, which was paid on Friday, May 5th. Stockholders of record on Tuesday, May 2nd were issued a $0.132 dividend. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Monday, May 1st. This represents a $1.58 annualized dividend and a dividend yield of 3.16%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allstate Investment Management Co. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $383,399,000. NYL Investors LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 124.3% in the first quarter. NYL Investors LLC now owns 8,945,000 shares of the company’s stock valued at $452,080,000 after acquiring an additional 4,957,000 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $154,217,000. Ameriprise Financial Inc. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 36.3% in the first quarter. Ameriprise Financial Inc. now owns 10,783,744 shares of the company’s stock valued at $544,708,000 after acquiring an additional 2,873,170 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 195.8% in the fourth quarter. JPMorgan Chase & Co. now owns 2,555,059 shares of the company’s stock valued at $127,293,000 after acquiring an additional 1,691,344 shares in the last quarter. Institutional investors own 66.92% of the company’s stock.

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

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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.