iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Reaches New 1-Year Low – Should You Sell?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $51.83 and last traded at $51.84, with a volume of 160431 shares changing hands. The stock had previously closed at $52.09.

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

The business’s 50 day moving average price is $52.17 and its 200-day moving average price is $52.42.

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

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.1981 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after buying an additional 276,694 shares in the last quarter. Williams Jones Wealth Management LLC. grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock valued at $92,105,000 after acquiring an additional 169,709 shares in the last quarter. Parkside Investments LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the fourth quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock worth $84,875,000 after acquiring an additional 39,720 shares during the last quarter. One Capital Management LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock worth $72,736,000 after acquiring an additional 95,046 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 212.1% during the fourth quarter. RiverFront Investment Group LLC now owns 1,368,310 shares of the company’s stock worth $72,356,000 after acquiring an additional 929,944 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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.