iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Stock: Sumitomo Mitsui Trust Group Inc. Lowers Holdings

Sumitomo Mitsui Trust Group Inc. reduced its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 803,000 shares of the company’s stock after selling 12,000 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $41,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% during the 1st quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock worth $34,451,000 after buying an additional 369,284 shares in the last quarter. NBT Bank N.A. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $12,191,000. Bank of New York Mellon Corp increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 17.2% during the 1st quarter. Bank of New York Mellon Corp now owns 519,996 shares of the company’s stock worth $27,331,000 after purchasing an additional 76,230 shares in the last quarter. Strategic Investment Advisors MI boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.1% in the first quarter. Strategic Investment Advisors MI now owns 433,264 shares of the company’s stock valued at $22,774,000 after buying an additional 75,616 shares during the period. Finally, Hourglass Capital LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth $3,858,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IGSB opened at $51.53 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.97 and a 12 month high of $53.25. The firm has a fifty day simple moving average of $51.49 and a 200 day simple moving average of $52.24.

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

The firm also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.2043 per share. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2037. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.8%.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.