iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sets New 12-Month Low – What’s Next?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $51.98 and last traded at $51.98, with a volume of 437 shares changing hands. The stock had previously closed at $52.08.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.2%

The business has a 50 day simple moving average of $52.27 and a 200-day simple moving average of $52.59.

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

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

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

Several institutional investors and hedge funds have recently bought and sold shares of IGSB. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $39,000. Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $45,000. Kelleher Financial Advisors purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $51,000. Ares Financial Consulting LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth $58,000. Finally, Thompson Investment Management Inc. boosted its holdings 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 acquiring an additional 280 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.