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

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 33.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 357,123 shares of the company’s stock after selling 180,322 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.09% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $18,806,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IGSB. Captrust Financial Advisors raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.6% during the first quarter. Captrust Financial Advisors now owns 2,099,769 shares of the company’s stock valued at $106,671,000 after acquiring an additional 92,461 shares during the period. Money Design Co. Ltd. lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% in the 3rd quarter. Money Design Co. Ltd. now owns 1,164,005 shares of the company’s stock worth $61,297,000 after purchasing an additional 55,016 shares in the last quarter. Klaas Financial Asset Advisors LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 3rd quarter. Klaas Financial Asset Advisors LLC now owns 935,645 shares of the company’s stock worth $49,271,000 after purchasing an additional 7,867 shares during the period. Janney Montgomery Scott LLC grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 697,273 shares of the company’s stock valued at $36,718,000 after buying an additional 19,218 shares in the last quarter. Finally, Parkside Investments LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.0% during the second quarter. Parkside Investments LLC now owns 695,665 shares of the company’s stock valued at $35,646,000 after buying an additional 90,930 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ:IGSB opened at $51.81 on Monday. The firm has a fifty day moving average price of $52.26 and a 200 day moving average price of $51.77. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.19 and a fifty-two week high of $52.74.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1836 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Friday, November 1st. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

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.