Sumitomo Mitsui Trust Group Inc. Has $43.11 Million Position in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 10.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 817,000 shares of the company’s stock after selling 98,800 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $43,105,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Parkside Investments LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.4% in the second 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 in the last quarter. Bank of New York Mellon Corp raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.7% during the first quarter. Bank of New York Mellon Corp now owns 470,015 shares of the company’s stock worth $24,615,000 after acquiring an additional 16,644 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth $7,792,000. eCIO Inc. acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth $252,000. Finally, Olde Wealth Management LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth $68,000. 76.06% of the stock is owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $53.16 on Tuesday. The stock has a fifty day moving average price of $52.99 and a two-hundred day moving average price of $52.60. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.39 and a 52-week high of $53.17.

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

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a $0.1987 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.