iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Unusually-High Trading Volume – Here’s What Happened

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw an uptick in trading volume on Monday . 2,110,272 shares traded hands during trading, a decline of 33% from the previous session’s volume of 3,165,365 shares.The stock last traded at $51.53 and had previously closed at $51.54.

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

The company’s 50-day simple moving average is $51.83 and its two-hundred day simple moving average is $51.98.

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

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.181 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.17 annualized dividend and a yield of 4.21%.

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

Several institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% during the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after buying an additional 574,897 shares during the period. Haverford Trust Co lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock worth $101,743,000 after purchasing an additional 47,794 shares during the period. Money Design Co. Ltd. lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% in the 3rd quarter. Money Design Co. Ltd. now owns 1,164,005 shares of the company’s stock worth $61,297,000 after purchasing an additional 55,016 shares during the period. Klaas Financial Asset Advisors LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 3rd quarter. Klaas Financial Asset Advisors LLC now owns 935,645 shares of the company’s stock worth $49,271,000 after purchasing an additional 7,867 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 697,273 shares of the company’s stock worth $36,718,000 after purchasing an additional 19,218 shares during the period. Hedge funds and other institutional investors 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.