Sumitomo Mitsui Trust Group Inc. Decreases Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 5.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 774,000 shares of the company’s stock after selling 43,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.19% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $41,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Money Design Co. Ltd. lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 89.3% during the 2nd quarter. Money Design Co. Ltd. now owns 1,266,732 shares of the company’s stock valued at $66,833,000 after acquiring an additional 597,669 shares during the period. Parkside Investments LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.4% during 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 during the last quarter. Keystone Global Partners LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 108.8% during the second quarter. Keystone Global Partners LLC now owns 520,705 shares of the company’s stock valued at $27,000 after purchasing an additional 271,286 shares during the period. Captrust Financial Advisors boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.8% in the second quarter. Captrust Financial Advisors now owns 4,205,973 shares of the company’s stock worth $221,907,000 after purchasing an additional 230,312 shares during the last quarter. Finally, Rothschild Investment LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 438.8% in the 2nd quarter. Rothschild Investment LLC now owns 178,824 shares of the company’s stock worth $9,435,000 after purchasing an additional 145,634 shares during the period. 76.06% of the stock is currently owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

Shares of IGSB opened at $52.94 on Friday. The firm has a fifty day simple moving average of $52.92 and a two-hundred day simple moving average of $52.87. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $51.49 and a 1-year high of $53.18.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.2018 dividend. 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%.

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.