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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) shares saw unusually-strong trading volume on Friday . Approximately 2,284,217 shares changed hands during mid-day trading, an increase of 23% from the previous session’s volume of 1,864,141 shares.The stock last traded at $51.75 and had previously closed at $51.72.

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

The business’s 50-day moving average is $51.87 and its 200 day moving average is $51.95.

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

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.181 per share. This represents a $2.17 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of IGSB. Rise Advisors LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $29,000. Kennebec Savings Bank bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $43,000. Future Financial Wealth Managment LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $104,000. First PREMIER Bank increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% in the 3rd quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock valued at $112,000 after buying an additional 1,575 shares during the period. Finally, ORG Partners LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $116,000. 76.06% of the stock is owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company 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.