Parallel Advisors LLC lessened its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,211 shares of the company's stock after selling 3,975 shares during the quarter. Parallel Advisors LLC's holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $210,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Allstate Corp increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% during the third quarter. Allstate Corp now owns 8,236,741 shares of the company's stock worth $405,906,000 after buying an additional 123,568 shares during the last quarter. One Capital Management LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.9% in the 3rd quarter. One Capital Management LLC now owns 2,072,308 shares of the company's stock valued at $102,123,000 after acquiring an additional 152,576 shares during the period. Haverford Trust Co lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the 3rd quarter. Haverford Trust Co now owns 1,571,493 shares of the company's stock valued at $77,443,000 after purchasing an additional 12,877 shares during the last quarter. Money Design Co. Ltd. boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.5% during the fourth quarter. Money Design Co. Ltd. now owns 1,478,643 shares of the company's stock worth $73,666,000 after purchasing an additional 90,203 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.6% in the third quarter. Janney Montgomery Scott LLC now owns 978,928 shares of the company's stock valued at $48,241,000 after purchasing an additional 173,735 shares during the last quarter. 66.92% of the stock is owned by institutional investors.
Get iShares 1-5 Year Investment Grade Corporate Bond ETF alerts:iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance
NASDAQ IGSB opened at $50.71 on Monday. The firm has a 50-day moving average of $50.53 and a 200-day moving average of $50.30. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $48.62 and a 52-week high of $51.45.
iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend
The business also recently disclosed a monthly dividend, which was paid on Friday, April 7th. Shareholders of record on Tuesday, April 4th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, April 3rd. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF's previous monthly dividend of $0.13. This represents a $1.56 annualized dividend and a yield of 3.08%.
About iShares 1-5 Year Investment Grade Corporate Bond ETF
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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.
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