Sumitomo Mitsui Trust Holdings Inc. Cuts Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Posted by on Apr 15th, 2023

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,357,730 shares of the company’s stock after selling 43,000 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.29% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $67,642,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IGSB. First Command Bank acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $36,000. City Holding Co. grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 39.2% during the fourth quarter. City Holding Co. now owns 1,420 shares of the company’s stock worth $71,000 after buying an additional 400 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $85,000. Horan Securities Inc. purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth approximately $90,000. Finally, Country Trust Bank grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 37.4% during the 3rd quarter. Country Trust Bank now owns 1,875 shares of the company’s stock worth $92,000 after acquiring an additional 510 shares in the last quarter. 66.92% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IGSB opened at $50.53 on Friday. The firm’s fifty day simple moving average is $50.18 and its 200-day simple moving average is $49.90. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $48.62 and a twelve month high of $51.45.

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

The firm also recently declared a monthly dividend, which was paid on Friday, April 7th. Shareholders of record on Tuesday, April 4th were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, April 3rd. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. This represents a $1.56 dividend on an annualized basis and a yield of 3.09%.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Receive News & Ratings for iShares 1-5 Year Investment Grade Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares 1-5 Year Investment Grade Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.