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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $52.11 and last traded at $52.11, with a volume of 187967 shares changing hands. The stock had previously closed at $52.17.

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

The firm has a 50-day moving average price of $52.34 and a 200 day moving average price of $52.65.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.2011 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aventura Private Wealth LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $34,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $39,000. Harbor Investment Advisory LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after buying an additional 500 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $45,000. Finally, Kelleher Financial Advisors purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $51,000. 76.06% of the stock is currently 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.