Sumitomo Mitsui Trust Group Inc. Has $51.88 Million Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 9.8% during the first quarter, HoldingsChannel.com reports. The fund owned 987,000 shares of the company’s stock after selling 107,500 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $51,877,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,162,203 shares of the company’s stock valued at $702,693,000 after purchasing an additional 264,198 shares during the period. Captrust Financial Advisors grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after purchasing an additional 276,694 shares during the period. Williams Jones Wealth Management LLC. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock worth $92,105,000 after purchasing an additional 169,709 shares in the last quarter. Parkside Investments LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the fourth quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock worth $84,875,000 after purchasing an additional 39,720 shares in the last quarter. Finally, One Capital Management LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock worth $72,736,000 after purchasing an additional 95,046 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

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

Shares of IGSB opened at $52.13 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $52.09 and a 52-week high of $53.25. The business’s 50 day moving average price is $52.32 and its two-hundred day moving average price is $52.63.

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

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

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.