Parallel Advisors LLC Purchases 369,284 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Parallel Advisors LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 129.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 655,468 shares of the company’s stock after purchasing an additional 369,284 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for approximately 0.6% of Parallel Advisors LLC’s holdings, making the stock its 24th largest holding. Parallel Advisors LLC owned 0.16% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $34,451,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IGSB. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $39,000. Birchwood Financial Partners Inc. acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $45,000. Kelleher Financial Advisors bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $51,000. Ares Financial Consulting LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $58,000. Finally, Cullen Frost Bankers Inc. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $65,000. 76.06% of the stock is currently owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.2%

NASDAQ:IGSB opened at $52.12 on Wednesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $51.97 and a twelve month high of $53.25. The business has a 50 day moving average price of $52.23 and a two-hundred day moving average price of $52.54.

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

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

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.