Parallel Advisors LLC Raises Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Parallel Advisors LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 1.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 59,799 shares of the company’s stock after purchasing an additional 831 shares during the period. Parallel Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $3,092,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Mount Lucas Management LP lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.3% in the third quarter. Mount Lucas Management LP now owns 14,197 shares of the company’s stock valued at $748,000 after acquiring an additional 590 shares during the period. Hilton Capital Management LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.2% in the third quarter. Hilton Capital Management LLC now owns 173,323 shares of the company’s stock valued at $9,127,000 after acquiring an additional 6,946 shares during the period. Eagle Asset Management Inc. lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.4% in the third quarter. Eagle Asset Management Inc. now owns 14,149 shares of the company’s stock valued at $735,000 after acquiring an additional 721 shares during the period. Icon Wealth Advisors LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 162.9% in the third quarter. Icon Wealth Advisors LLC now owns 13,683 shares of the company’s stock valued at $721,000 after acquiring an additional 8,479 shares during the period. Finally, Cahill Financial Advisors Inc. acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $601,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ:IGSB opened at $52.07 on Tuesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.58 and a 12-month high of $52.74. The business has a 50 day moving average of $51.94 and a two-hundred day moving average of $52.05.

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

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1867 dividend. The ex-dividend date was Monday, March 3rd.

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.