iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sets New 1-Year Low – Should You Sell?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $51.97 and last traded at $51.97, with a volume of 162 shares. The stock had previously closed at $52.48.

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

The firm’s fifty day simple moving average is $52.39 and its 200 day simple moving average is $52.67.

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

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. RiverFront Investment Group LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 212.1% in the 4th quarter. RiverFront Investment Group LLC now owns 1,368,310 shares of the company’s stock valued at $72,356,000 after acquiring an additional 929,944 shares in the last quarter. Parallel Advisors LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% during the 1st quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock worth $34,451,000 after purchasing an additional 369,284 shares in the last quarter. Captrust Financial Advisors increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% during the 3rd quarter. Captrust Financial Advisors now owns 4,562,020 shares of the company’s stock worth $241,924,000 after purchasing an additional 356,047 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 41.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,094,500 shares of the company’s stock valued at $57,877,000 after purchasing an additional 320,500 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,162,203 shares of the company’s stock valued at $702,693,000 after purchasing an additional 264,198 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.