Cary Street Partners Financial LLC Invests $2.74 Million in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Cary Street Partners Financial LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) in the fourth quarter, Holdings Channel.com reports. The fund bought 52,933 shares of the company’s stock, valued at approximately $2,737,000.

A number of other large investors have also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% during the fourth quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock worth $685,295,000 after purchasing an additional 1,090,281 shares during the period. NYL Investors LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the 4th quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after buying an additional 9,604,302 shares during the period. Allstate Corp increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% in the 4th quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock valued at $212,800,000 after buying an additional 782,750 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the fourth quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock worth $163,505,000 after acquiring an additional 218,036 shares in the last quarter. Finally, Money Design Co. Ltd. increased its holdings in shares of 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 valued at $63,501,000 after acquiring an additional 64,258 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.1 %

Shares of IGSB opened at $52.22 on Wednesday. The business’s fifty day moving average is $52.15 and its 200 day moving average is $51.98. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.93 and a 12-month high of $52.74.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a dividend of $0.1948 per share. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.34 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Thursday, May 1st.

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.