iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 1.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 803,000 shares of the company’s stock after selling 12,000 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $41,138,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IGSB. Parallel Advisors LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% in the 1st quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock worth $34,451,000 after purchasing an additional 369,284 shares in the last quarter. Monograph Wealth Advisors LLC lifted 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 worth $33,459,000 after buying an additional 71,550 shares in the last quarter. Bank of New York Mellon Corp grew its position in 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 worth $27,331,000 after acquiring an additional 76,230 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.1% during the 1st quarter. Strategic Investment Advisors MI now owns 433,264 shares of the company’s stock valued at $22,774,000 after purchasing an additional 75,616 shares during the last quarter. Finally, Affinity Wealth LLC boosted its stake in shares of 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 valued at $13,252,000 after purchasing an additional 6,977 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.3%

NASDAQ IGSB opened at $51.53 on Thursday. The firm’s fifty day simple moving average is $51.49 and its two-hundred day simple moving average is $52.24. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.97 and a 12-month high of $53.25.

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

The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.2043 per share. This represents a $2.45 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, November 2nd. 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.