Parallel Advisors LLC Has $15.19 Million Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Parallel Advisors LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,184 shares of the company’s stock after purchasing an additional 10,078 shares during the period. Parallel Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $15,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IGSB. Marshall Wace LLP bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $6,257,000. Gamco Investors INC. ET AL bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $393,000. BNP Paribas Financial Markets lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 37.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 216,529 shares of the company’s stock valued at $11,424,000 after purchasing an additional 59,491 shares during the last quarter. Monograph Wealth Advisors LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.8% during the 2nd quarter. Monograph Wealth Advisors LLC now owns 515,522 shares of the company’s stock valued at $27,199,000 after purchasing an additional 54,397 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.8% during the second quarter. Captrust Financial Advisors now owns 4,205,973 shares of the company’s stock worth $221,907,000 after purchasing an additional 230,312 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

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

IGSB opened at $52.29 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $52.12 and a one year high of $53.25. The company’s 50 day simple moving average is $52.46 and its 200-day simple moving average is $52.75.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.1996 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.6%. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

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.