Parallel Advisors LLC Purchases 369,284 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Parallel Advisors LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 129.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 655,468 shares of the company’s stock after purchasing an additional 369,284 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up approximately 0.6% of Parallel Advisors LLC’s holdings, making the stock its 25th biggest holding. Parallel Advisors LLC owned approximately 0.16% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $34,451,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thompson Investment Management Inc. boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% in the fourth quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock valued at $59,000 after buying an additional 280 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.4% during the first quarter. Fiduciary Alliance LLC now owns 13,150 shares of the company’s stock worth $692,000 after buying an additional 310 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.5% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 14,036 shares of the company’s stock worth $742,000 after buying an additional 472 shares in the last quarter. Harbor Investment Advisory LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 500 shares during the last quarter. Finally, Peloton Wealth Strategists raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.2% in the fourth quarter. Peloton Wealth Strategists now owns 11,872 shares of the company’s stock valued at $628,000 after acquiring an additional 589 shares during the last quarter. 76.06% of the stock is owned by institutional investors.

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

NASDAQ IGSB opened at $52.21 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $52.03 and a one year high of $53.25. The stock’s 50 day simple moving average is $52.29 and its 200 day simple moving average is $52.61.

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

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

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.