iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Unusually-High Trading Volume – Here’s Why

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) shares saw an uptick in trading volume on Friday . 2,284,217 shares were traded during trading, an increase of 23% from the previous session’s volume of 1,864,141 shares.The stock last traded at $51.75 and had previously closed at $51.72.

iShares 1-5 Year Investment Grade Corporate Bond ETF Price Performance

The company’s 50-day moving average is $51.86 and its 200 day moving average is $51.95.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.181 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.17 annualized dividend and a dividend yield of 4.20%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after acquiring an additional 574,897 shares during the last quarter. Haverford Trust Co grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during 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 shares of 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. Klaas Financial Asset Advisors LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in 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 period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 697,273 shares of the company’s stock worth $36,718,000 after buying an additional 19,218 shares during the last quarter. 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.