iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sets New 12-Month High – Time to Buy?

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) hit a new 52-week high on Monday . The company traded as high as $53.20 and last traded at $53.1450, with a volume of 443 shares changing hands. The stock had previously closed at $53.13.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.0%

The company has a 50 day moving average price of $52.97 and a 200-day moving average price of $52.96.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.198 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, February 2nd.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Aventura Private Wealth LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $34,000. Root Financial Partners LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at about $39,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $39,000. Harbor Investment Advisory LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 500 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $45,000. 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.