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

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) reached a new 52-week low on Friday . The company traded as low as $52.12 and last traded at $52.13, with a volume of 1268785 shares trading hands. The stock had previously closed at $52.30.

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

The stock has a 50-day moving average of $52.45 and a two-hundred day moving average of $52.75.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.1996 per share. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,162,203 shares of the company’s stock valued at $702,693,000 after buying an additional 264,198 shares in the last quarter. Captrust Financial Advisors increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock valued at $255,871,000 after buying an additional 276,694 shares in the last quarter. JPMorgan Chase & Co. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,466,237 shares of the company’s stock valued at $183,815,000 after buying an additional 586,487 shares in the last quarter. Williams Jones Wealth Management LLC. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock valued at $92,105,000 after buying an additional 169,709 shares in the last quarter. Finally, Parkside Investments LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the 4th quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock valued at $84,875,000 after buying an additional 39,720 shares in the last quarter. Institutional investors 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.