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

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) hit a new 52-week low on Tuesday . The company traded as low as $51.83 and last traded at $51.84, with a volume of 160431 shares changing hands. The stock had previously closed at $52.09.

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

The firm’s 50 day simple moving average is $52.17 and its 200-day simple moving average is $52.42.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.1981 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.6%.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in IGSB. Captrust Financial Advisors lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after purchasing an additional 276,694 shares in the last quarter. Williams Jones Wealth Management LLC. boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock worth $92,105,000 after buying an additional 169,709 shares during the period. Parkside Investments LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the fourth quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock valued at $84,875,000 after buying an additional 39,720 shares in the last quarter. One Capital Management LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock valued at $72,736,000 after buying an additional 95,046 shares in the last quarter. Finally, RiverFront Investment Group LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 212.1% during the 4th quarter. RiverFront Investment Group LLC now owns 1,368,310 shares of the company’s stock valued at $72,356,000 after buying an additional 929,944 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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

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.