Whittier Trust Co. Lowers Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Whittier Trust Co. reduced its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,628 shares of the company’s stock after selling 581 shares during the period. Whittier Trust Co.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $3,093,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Princeton Global Asset Management LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.6% during the 2nd quarter. Princeton Global Asset Management LLC now owns 50,805 shares of the company’s stock valued at $2,680,000 after buying an additional 318 shares in the last quarter. Foster & Motley Inc. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $213,000. Private Wealth Asset Management LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $29,000. Equitable Trust Co. raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% during the 2nd quarter. Equitable Trust Co. now owns 149,997 shares of the company’s stock valued at $7,914,000 after purchasing an additional 16,924 shares during the period. Finally, DMC Group LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 27.2% during the 2nd quarter. DMC Group LLC now owns 72,261 shares of the company’s stock valued at $3,812,000 after purchasing an additional 15,442 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

Shares of IGSB opened at $53.14 on Thursday. The business’s 50 day moving average is $52.97 and its 200 day moving average is $52.57. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.39 and a 12-month high of $53.17.

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

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.1987 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.