United Community Bank Boosts Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

United Community Bank increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,003 shares of the company’s stock after buying an additional 4,234 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises approximately 0.9% of United Community Bank’s portfolio, making the stock its 21st largest position. United Community Bank’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,378,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. NYL Investors LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after acquiring an additional 9,604,302 shares during the last quarter. Captrust Financial Advisors grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% during the third quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock worth $144,672,000 after buying an additional 574,897 shares during the period. Haverford Trust Co grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the third quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock worth $101,743,000 after buying an additional 47,794 shares during the period. Money Design Co. Ltd. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.5% during the fourth quarter. Money Design Co. Ltd. now owns 1,228,263 shares of the company’s stock worth $63,501,000 after buying an additional 64,258 shares during the period. Finally, One Capital Management LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.8% during the fourth quarter. One Capital Management LLC now owns 1,197,002 shares of the company’s stock worth $61,885,000 after buying an additional 21,740 shares during the period. 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 IGSB opened at $52.11 on Friday. The firm’s 50-day moving average is $51.90 and its two-hundred day moving average is $52.06. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.58 and a twelve month high of $52.74.

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

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1867 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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.