iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Unusually-High Trading Volume – Here’s What Happened
by Scott Moore · The Cerbat GemiShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 8,348,344 shares were traded during trading, an increase of 104% from the previous session’s volume of 4,082,783 shares.The stock last traded at $52.9050 and had previously closed at $52.91.
iShares 1-5 Year Investment Grade Corporate Bond ETF Price Performance
The business’s 50-day simple moving average is $52.91 and its 200-day simple moving average is $52.87.
iShares 1-5 Year Investment Grade Corporate Bond ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.2018 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.6%.
Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JARISLOWSKY FRASER Ltd boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 49.5% during the third quarter. JARISLOWSKY FRASER Ltd now owns 192,744 shares of the company’s stock worth $10,221,000 after purchasing an additional 63,809 shares during the period. Parkside Investments LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.4% during the 2nd quarter. Parkside Investments LLC now owns 1,320,082 shares of the company’s stock valued at $69,648,000 after purchasing an additional 275,996 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.9% during the second quarter. Baird Financial Group Inc. now owns 335,650 shares of the company’s stock valued at $17,709,000 after buying an additional 12,520 shares during the last quarter. Confluence Investment Management LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $6,376,000. Finally, Farther Finance Advisors LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 155.0% in the third quarter. Farther Finance Advisors LLC now owns 26,782 shares of the company’s stock worth $1,420,000 after purchasing an additional 16,279 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.
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.