iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Strong Trading Volume – What’s Next?

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) shares saw unusually-high trading volume on Thursday . Approximately 11,108,179 shares changed hands during trading, an increase of 315% from the previous session’s volume of 2,678,260 shares.The stock last traded at $52.23 and had previously closed at $52.21.

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

The company has a 50 day moving average of $52.03 and a 200 day moving average of $52.04.

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

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% during the fourth quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock worth $685,295,000 after buying an additional 1,090,281 shares during the last quarter. NYL Investors LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% during the 4th quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock worth $501,958,000 after acquiring an additional 9,604,302 shares in the last quarter. Allstate Corp increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% during the 4th quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock valued at $212,800,000 after acquiring an additional 782,750 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the 4th quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock valued at $163,505,000 after acquiring an additional 218,036 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.7% in the 4th quarter. Captrust Financial Advisors now owns 2,932,031 shares of the company’s stock valued at $151,586,000 after acquiring an additional 184,761 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

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.