iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Raises Dividend to $0.20 Per Share

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) declared a monthly dividend on Wednesday, September 30th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.2037 per share on Tuesday, October 6th. This represents a $2.44 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 0.8% increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2020.

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

NASDAQ:IGSB opened at $51.23 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.14 and a 1 year high of $53.25. The stock has a 50-day moving average price of $51.87 and a two-hundred day moving average price of $52.20.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after purchasing an additional 276,694 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 826,787 shares of the company’s stock valued at $43,456,000 after buying an additional 30,034 shares in the last quarter. Parallel Advisors LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% in the first quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock valued at $34,451,000 after buying an additional 369,284 shares in the last quarter. Monograph Wealth Advisors LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% in the first quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock valued at $33,459,000 after buying an additional 71,550 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 17.2% in the first quarter. Bank of New York Mellon Corp now owns 519,996 shares of the company’s stock valued at $27,331,000 after buying an additional 76,230 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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.