iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Unusually-High Trading Volume – Here’s What Happened

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw strong trading volume on Thursday . 5,881,662 shares traded hands during trading, an increase of 108% from the previous session’s volume of 2,829,235 shares.The stock last traded at $52.35 and had previously closed at $52.20.

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

The business has a fifty day moving average of $52.07 and a 200 day moving average of $52.03.

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

The business also recently announced a dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be issued a $0.1927 dividend. The ex-dividend date is Tuesday, April 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently modified their holdings of the company. Equitable Trust Co. grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.5% in the 4th quarter. Equitable Trust Co. now owns 131,570 shares of the company’s stock valued at $6,802,000 after buying an additional 12,509 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.6% in the fourth quarter. First Horizon Advisors Inc. now owns 15,060 shares of the company’s stock valued at $779,000 after acquiring an additional 1,923 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $36,000. Jones Financial Companies Lllp raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 81.7% in the 4th quarter. Jones Financial Companies Lllp now owns 14,879 shares of the company’s stock valued at $769,000 after purchasing an additional 6,690 shares during the last quarter. Finally, Greenwood Gearhart Inc. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% during the 3rd quarter. Greenwood Gearhart Inc. now owns 650,428 shares of the company’s stock worth $34,252,000 after purchasing an additional 16,987 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.