iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Hits New 52-Week Low – Should You Sell?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) reached a new 52-week low on Wednesday . The stock traded as low as $51.41 and last traded at $51.4050, with a volume of 351488 shares traded. The stock had previously closed at $51.56.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.5%

The firm has a fifty day simple moving average of $51.98 and a 200 day simple moving average of $52.26.

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

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

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

A number of large investors have recently bought and sold shares of IGSB. Burns J W & Co. Inc. NY increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 29.9% during the 1st quarter. Burns J W & Co. Inc. NY now owns 167,820 shares of the company’s stock worth $8,821,000 after buying an additional 38,652 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in 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 acquiring an additional 30,034 shares during the last quarter. Palladiem LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at about $902,000. Monograph Wealth Advisors LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% during the first quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock valued at $33,459,000 after acquiring an additional 71,550 shares during the period. Finally, Cary Street Partners Financial LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.3% during the fourth quarter. Cary Street Partners Financial LLC now owns 270,316 shares of the company’s stock worth $14,294,000 after acquiring an additional 47,378 shares during the last quarter. Hedge funds and other institutional investors 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.