iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Unusually-High Trading Volume – Here’s What Happened

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw unusually-high trading volume on Thursday . Approximately 5,881,662 shares traded hands during mid-day trading, an increase of 108% from the previous session’s volume of 2,829,235 shares.The stock last traded at $52.35 and had previously closed at $52.20.

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

The firm has a 50 day moving average price of $52.09 and a 200 day moving average price of $52.03.

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

The company also recently declared a dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.1927 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in IGSB. PSI Advisors LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% in the fourth quarter. PSI Advisors LLC now owns 481 shares of the company’s stock worth $25,000 after purchasing an additional 206 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $36,000. Fortitude Family Office LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $43,000. Thompson Investment Management Inc. grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 88.4% in the fourth quarter. Thompson Investment Management Inc. now owns 831 shares of the company’s stock valued at $43,000 after purchasing an additional 390 shares in the last quarter. Finally, Copia Wealth Management bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $50,000. 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.