iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sets New 12-Month Low – Here’s Why

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $52.11 and last traded at $52.11, with a volume of 187967 shares trading hands. The stock had previously closed at $52.17.

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

The firm’s 50 day moving average price is $52.34 and its two-hundred day moving average price is $52.65.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2011 per share. This represents a c) annualized dividend and a yield of 4.6%. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, July 1st.

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

Several large investors have recently modified their holdings of the business. Thompson Investment Management Inc. increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% during the 4th quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.4% during the first quarter. Fiduciary Alliance LLC now owns 13,150 shares of the company’s stock worth $692,000 after buying an additional 310 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 14,036 shares of the company’s stock valued at $742,000 after acquiring an additional 472 shares during the last quarter. Harbor Investment Advisory LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 500 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.0% in the 3rd quarter. Rathbones Group PLC now owns 60,478 shares of the company’s stock valued at $3,207,000 after acquiring an additional 586 shares during the period. Institutional investors and hedge funds 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.