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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) reached a new 52-week low during mid-day trading on Wednesday . The company 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 Up 0.1%

The business’s 50 day moving average is $52.33 and its 200 day moving average is $52.64.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2011 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Aventura Private Wealth LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $34,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at about $39,000. Harbor Investment Advisory LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after buying an additional 500 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $45,000. Finally, Kelleher Financial Advisors purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $51,000. 76.06% of the stock is currently 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.