491,778 iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 71.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,177,870 shares of the company’s stock after acquiring an additional 491,778 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for about 0.8% of Parallel Advisors LLC’s holdings, making the stock its 19th biggest position. Parallel Advisors LLC owned approximately 0.26% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $60,342,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Monograph Wealth Advisors LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% during the first quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock valued at $33,459,000 after acquiring an additional 71,550 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 17.2% during the first quarter. Bank of New York Mellon Corp now owns 519,996 shares of the company’s stock worth $27,331,000 after buying an additional 76,230 shares during the last quarter. Strategic Investment Advisors MI raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.1% during the first quarter. Strategic Investment Advisors MI now owns 433,264 shares of the company’s stock worth $22,774,000 after buying an additional 75,616 shares during the last quarter. Affinity Wealth LLC raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% during the second quarter. Affinity Wealth LLC now owns 252,844 shares of the company’s stock worth $13,252,000 after buying an additional 6,977 shares during the last quarter. Finally, NBT Bank N.A. bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $12,191,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.1%

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.04 during trading hours on Friday, reaching $51.57. The company’s stock had a trading volume of 2,760,028 shares, compared to its average volume of 3,663,972. The stock’s fifty day simple moving average is $51.46 and its two-hundred day simple moving average is $52.23. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $50.97 and a one year high of $53.25.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.2043 dividend. The ex-dividend date was Monday, November 2nd. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2037.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.