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

by · The Markets Daily

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $51.62 and last traded at $51.6750, with a volume of 4124 shares traded. The stock had previously closed at $51.79.

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

The stock has a fifty day moving average of $52.09 and a 200-day moving average of $52.36.

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

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.202 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, September 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IGSB. Burns J W & Co. Inc. NY raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 29.9% during the 1st quarter. Burns J W & Co. Inc. NY now owns 167,820 shares of the company’s stock worth $8,821,000 after acquiring an additional 38,652 shares in the last quarter. Janney Montgomery Scott LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.8% during the first quarter. Janney Montgomery Scott LLC now owns 826,787 shares of the company’s stock worth $43,456,000 after buying an additional 30,034 shares during the period. Grey Ledge Advisors LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 16.9% during the fourth quarter. Grey Ledge Advisors LLC now owns 96,102 shares of the company’s stock worth $5,082,000 after buying an additional 13,876 shares during the period. Monograph Wealth Advisors LLC lifted its stake 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 valued at $33,459,000 after buying an additional 71,550 shares during the last quarter. Finally, Palladiem LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $902,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

(Get Free Report)

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.

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