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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw unusually-strong trading volume on Thursday . Approximately 11,108,179 shares traded hands during mid-day trading, an increase of 315% from the previous session’s volume of 2,678,260 shares.The stock last traded at $52.23 and had previously closed at $52.21.

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

The company has a 50-day moving average price of $52.03 and a 200 day moving average price of $52.04.

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

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1867 per share. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of large investors have recently made changes to their positions in the business. PSI Advisors LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% during the fourth quarter. PSI Advisors LLC now owns 481 shares of the company’s stock worth $25,000 after purchasing an additional 206 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $36,000. Fortitude Family Office LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $43,000. Thompson Investment Management Inc. grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 88.4% during the 4th quarter. Thompson Investment Management Inc. now owns 831 shares of the company’s stock valued at $43,000 after acquiring an additional 390 shares in the last quarter. Finally, Copia Wealth Management acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $50,000. 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.