iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Reaches New 1-Year High at $51.53

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.53 and last traded at $51.50, with a volume of 257544 shares trading hands. The stock had previously closed at $51.38.

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

The firm’s fifty day moving average is $51.14 and its two-hundred day moving average is $51.11.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.1788 dividend. This represents a $2.15 annualized dividend and a yield of 4.16%. The ex-dividend date was Monday, July 1st.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently bought and sold shares of IGSB. ICA Group Wealth Management LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $25,000. Headinvest LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $33,000. Tidemark LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $49,000. Park Place Capital Corp raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% in the first quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock worth $76,000 after acquiring an additional 1,083 shares in the last quarter. Finally, Richardson Financial Services Inc. raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the first quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock worth $79,000 after acquiring an additional 1,478 shares in 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.