iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Hits New 52-Week High – Here’s What Happened

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $53.14 and last traded at $53.14, with a volume of 698 shares changing hands. The stock had previously closed at $51.96.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.3 %

The stock’s fifty day moving average price is $52.30 and its 200 day moving average price is $51.75.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1836 dividend. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, November 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.26%.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently modified their holdings of the business. Allstate Corp lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.3% during the 1st quarter. Allstate Corp now owns 6,157,676 shares of the company’s stock valued at $315,766,000 after acquiring an additional 627,127 shares during the period. Captrust Financial Advisors boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.6% in the first quarter. Captrust Financial Advisors now owns 2,099,769 shares of the company’s stock worth $106,671,000 after purchasing an additional 92,461 shares during the last quarter. Haverford Trust Co grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock worth $101,743,000 after purchasing an additional 47,794 shares during the period. Money Design Co. Ltd. raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% during the 3rd quarter. Money Design Co. Ltd. now owns 1,164,005 shares of the company’s stock valued at $61,297,000 after buying an additional 55,016 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the 3rd quarter. Klaas Financial Asset Advisors LLC now owns 935,645 shares of the company’s stock valued at $49,271,000 after buying an additional 7,867 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

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.