Parallel Advisors LLC Has $34.45 Million Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Parallel Advisors LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 129.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 655,468 shares of the company’s stock after purchasing an additional 369,284 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises about 0.6% of Parallel Advisors LLC’s portfolio, making the stock its 25th biggest position. Parallel Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $34,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Aventura Private Wealth LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $34,000. Kohmann Bosshard Financial Services LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $39,000. Harbor Investment Advisory LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after buying an additional 500 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $45,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $51,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

IGSB stock opened at $52.21 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $52.03 and a twelve month high of $53.25. The business has a fifty day moving average of $52.29 and a 200-day moving average of $52.61.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2011 dividend. The ex-dividend date was Wednesday, July 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) dividend on an annualized basis and a yield of 4.6%.

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.