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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $52.12 and last traded at $52.13, with a volume of 1268785 shares traded. The stock had previously closed at $52.30.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.3%

The company’s fifty day moving average price is $52.46 and its 200 day moving average price is $52.75.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.1996 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IGSB. Aventura Private Wealth LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $34,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $39,000. Harbor Investment Advisory LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the fourth 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. acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $45,000. Finally, Kelleher Financial Advisors acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $51,000. 76.06% of the stock is owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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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.

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