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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) shares saw an uptick in 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 firm has a 50-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 firm also recently disclosed a dividend, which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.1927 per share. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend is Tuesday, April 1st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IGSB. Ameriprise Financial Inc. raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock worth $685,295,000 after purchasing an additional 1,090,281 shares during the period. NYL Investors LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% during the 4th quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after buying an additional 9,604,302 shares in the last quarter. Allstate Corp raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% during the fourth quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock worth $212,800,000 after acquiring an additional 782,750 shares during the period. JPMorgan Chase & Co. raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock worth $163,505,000 after acquiring an additional 218,036 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.7% during the fourth quarter. Captrust Financial Advisors now owns 2,932,031 shares of the company’s stock valued at $151,586,000 after purchasing an additional 184,761 shares in the last quarter. 76.06% of the stock is currently 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.