Leavell Investment Management Inc. Grows Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Leavell Investment Management Inc. boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 18.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 351,511 shares of the company’s stock after acquiring an additional 54,035 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up 0.9% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 18th biggest position. Leavell Investment Management Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $18,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGSB. Parkside Investments LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.0% in the 2nd quarter. Parkside Investments LLC now owns 695,665 shares of the company’s stock worth $35,646,000 after purchasing an additional 90,930 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $154,000. Lazard Asset Management LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% during the 1st quarter. Lazard Asset Management LLC now owns 479,410 shares of the company’s stock worth $24,583,000 after buying an additional 6,883 shares during the last quarter. Family Firm Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $49,000. Finally, Waterloo Capital L.P. grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 40.3% in the 2nd quarter. Waterloo Capital L.P. now owns 10,577 shares of the company’s stock worth $542,000 after acquiring an additional 3,040 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

Shares of IGSB stock traded down $0.01 on Friday, hitting $51.96. 707,351 shares of the stock traded hands, compared to its average volume of 2,725,881. The company’s fifty day moving average is $52.32 and its 200 day moving average is $51.72. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.79 and a 1-year high of $52.74.

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

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.24%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Friday, November 1st.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.