iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Shares Sold by Parkside Investments LLC

Parkside Investments LLC decreased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) by 17.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 384,005 shares of the company’s stock after selling 79,710 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises about 3.8% of Parkside Investments LLC’s investment portfolio, making the stock its 3rd largest holding. Parkside Investments LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $19,131,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings 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 worth $36,000. SOA Wealth Advisors LLC. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $85,000. Horan Securities Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $90,000. Country Trust Bank lifted its position in shares of 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 purchasing an additional 510 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $132,000. Institutional investors and hedge funds own 66.92% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.5 %

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $50.16 on Friday. The company has a fifty day simple moving average of $50.19 and a 200-day simple moving average of $49.84. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $48.62 and a 12-month high of $51.93.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, March 2nd were given a dividend of $0.125 per share. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.11. This represents a $1.50 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, March 1st.

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.