Sumitomo Mitsui Trust Group Inc. Sells 107,500 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Sumitomo Mitsui Trust Group Inc. cut its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 9.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 987,000 shares of the company’s stock after selling 107,500 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $51,877,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.0% in the third quarter. Ameriprise Financial Inc. now owns 13,162,203 shares of the company’s stock valued at $702,693,000 after buying an additional 264,198 shares in the last quarter. Captrust Financial Advisors grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the fourth quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after buying an additional 276,694 shares in the last quarter. Williams Jones Wealth Management LLC. increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% in the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock valued at $92,105,000 after acquiring an additional 169,709 shares during the last quarter. Parkside Investments LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the 4th quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock valued at $84,875,000 after purchasing an additional 39,720 shares during the last quarter. Finally, One Capital Management LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock worth $72,736,000 after acquiring an additional 95,046 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ:IGSB opened at $52.13 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $52.09 and a one year high of $53.25. The firm has a 50 day simple moving average of $52.32 and a 200 day simple moving average of $52.63.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.2011 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.6%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

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.