iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 71.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,177,870 shares of the company’s stock after purchasing an additional 491,778 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises approximately 0.8% of Parallel Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Parallel Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $60,342,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IGSB. NBT Bank N.A. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $12,191,000. Bank of New York Mellon Corp increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 17.2% during the first quarter. Bank of New York Mellon Corp now owns 519,996 shares of the company’s stock worth $27,331,000 after buying an additional 76,230 shares during the last quarter. Strategic Investment Advisors MI increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.1% during the first quarter. Strategic Investment Advisors MI now owns 433,264 shares of the company’s stock worth $22,774,000 after buying an additional 75,616 shares during the last quarter. Hourglass Capital LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $3,858,000. Finally, Monograph Wealth Advisors LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% in the first quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock worth $33,459,000 after acquiring an additional 71,550 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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

IGSB traded down $0.04 during midday trading on Friday, reaching $51.57. The company had a trading volume of 2,760,028 shares, compared to its average volume of 3,663,972. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.97 and a 12-month high of $53.25. The business has a 50-day moving average price of $51.46 and a two-hundred day moving average price of $52.23.

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

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were paid a dividend of $0.2043 per share. This represents a $2.45 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, November 2nd. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2037.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.