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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) announced a monthly dividend on Wednesday, September 30th. Investors 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 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 business’s 50-day moving average price is $51.87 and its two-hundred day moving average price is $52.20.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Fiduciary Alliance LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.4% during the 1st quarter. Fiduciary Alliance LLC now owns 13,150 shares of the company’s stock worth $692,000 after acquiring an additional 310 shares during the last quarter. Peloton Wealth Strategists grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.2% during the fourth quarter. Peloton Wealth Strategists now owns 11,872 shares of the company’s stock valued at $628,000 after purchasing an additional 589 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.9% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,825 shares of the company’s stock valued at $253,000 after purchasing an additional 625 shares in the last quarter. First Horizon Corp increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 19.6% in the first quarter. First Horizon Corp now owns 3,963 shares of the company’s stock valued at $208,000 after purchasing an additional 649 shares in the last quarter. Finally, Cornerstone Planning Group LLC raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% in the first quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock worth $67,000 after purchasing an additional 901 shares during the period. 76.06% of the stock is owned by institutional investors.

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.