Parallel Advisors LLC Has $34.45 Million Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Parallel Advisors LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 129.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 655,468 shares of the company’s stock after purchasing an additional 369,284 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up about 0.6% of Parallel Advisors LLC’s portfolio, making the stock its 24th biggest holding. Parallel Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $34,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Burns J W & Co. Inc. NY raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 29.9% during the first quarter. Burns J W & Co. Inc. NY now owns 167,820 shares of the company’s stock worth $8,821,000 after acquiring an additional 38,652 shares in the last quarter. Oak Family Advisors LLC grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 277.0% in the 4th quarter. Oak Family Advisors LLC now owns 83,800 shares of the company’s stock valued at $4,431,000 after acquiring an additional 61,574 shares during the period. Prime Capital Investment Advisors LLC grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 554,652 shares of the company’s stock valued at $29,330,000 after acquiring an additional 10,346 shares during the period. Klaas Financial Asset Advisors LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.5% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 1,058,282 shares of the company’s stock worth $55,962,000 after purchasing an additional 73,568 shares during the last quarter. Finally, Grey Ledge Advisors LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 16.9% during the 4th quarter. Grey Ledge Advisors LLC now owns 96,102 shares of the company’s stock worth $5,082,000 after purchasing an additional 13,876 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.2%

Shares of IGSB stock opened at $52.12 on Wednesday. The firm’s 50-day moving average is $52.23 and its 200-day moving average is $52.54. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.97 and a 52-week high of $53.25.

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

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

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.