iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 16.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 417,300 shares of the company’s stock after buying an additional 60,177 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $21,574,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the third quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after buying an additional 574,897 shares during the last quarter. Graypoint LLC grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 130.4% during the fourth quarter. Graypoint LLC now owns 350,799 shares of the company’s stock worth $18,136,000 after acquiring an additional 198,552 shares during the period. TD Private Client Wealth LLC grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 24.9% during the third quarter. TD Private Client Wealth LLC now owns 401,020 shares of the company’s stock worth $21,118,000 after acquiring an additional 79,919 shares during the period. Money Design Co. Ltd. grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.5% during the fourth quarter. Money Design Co. Ltd. now owns 1,228,263 shares of the company’s stock worth $63,501,000 after acquiring an additional 64,258 shares during the period. Finally, Strategic Advocates LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 61.5% in the 3rd quarter. Strategic Advocates LLC now owns 163,926 shares of the company’s stock worth $8,632,000 after purchasing an additional 62,428 shares in 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 Price Performance

Shares of IGSB opened at $51.76 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.58 and a 1-year high of $52.74. The business’s 50-day moving average price is $51.80 and its 200 day moving average price is $52.04.

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

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1874 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Monday, February 3rd.

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.