iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Reaches New 12-Month High – Here’s What Happened

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.20 and last traded at $53.1450, with a volume of 443 shares changing hands. The stock had previously closed at $53.13.

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

The stock’s 50-day simple moving average is $52.96 and its 200 day simple moving average is $52.95.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.198 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 36,564 shares of the company’s stock worth $1,929,000 after buying an additional 993 shares during the period. NewSquare Capital LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.0% during the 2nd quarter. NewSquare Capital LLC now owns 648,331 shares of the company’s stock valued at $34,206,000 after acquiring an additional 6,570 shares during the period. Nvwm LLC grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 31.4% in the second quarter. Nvwm LLC now owns 47,714 shares of the company’s stock worth $2,517,000 after purchasing an additional 11,413 shares during the period. Mittelman Wealth Management increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 73.9% in the second quarter. Mittelman Wealth Management now owns 74,500 shares of the company’s stock valued at $3,931,000 after purchasing an additional 31,650 shares in the last quarter. Finally, Rothschild Investment LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 438.8% in the second quarter. Rothschild Investment LLC now owns 178,824 shares of the company’s stock valued at $9,435,000 after purchasing an additional 145,634 shares in the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

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.