iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Reaches New 12-Month Low – Should You Sell?

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) reached a new 52-week low during trading on Wednesday. The stock traded as low as $51.41 and last traded at $51.4050, with a volume of 351488 shares trading hands. The stock had previously closed at $51.56.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.2%

The business’s 50-day moving average is $51.94 and its 200-day moving average is $52.24.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.2020 per share. The ex-dividend date was Tuesday, September 1st. This represents a $2.42 dividend on an annualized basis and a dividend yield of 4.7%.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock worth $67,000 after acquiring an additional 901 shares in the last quarter. Main Street Group LTD purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter valued at $105,000. Highland Investment Advisors LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $141,000. Continuum Advisory LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $167,000. Finally, Bogart Wealth LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 161.4% during the first quarter. Bogart Wealth LLC now owns 3,239 shares of the company’s stock worth $170,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.