Nalls Sherbakoff Group LLC Takes Position in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Nalls Sherbakoff Group LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 116,889 shares of the company’s stock, valued at approximately $6,181,000. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for 4.5% of Nalls Sherbakoff Group LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of IGSB. Aventura Private Wealth LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $34,000. Kohmann Bosshard Financial Services LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $39,000. Harbor Investment Advisory LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after buying an additional 500 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $45,000. Finally, Kelleher Financial Advisors acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $51,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $52.30 on Friday. The company has a 50 day moving average of $52.42 and a 200-day moving average of $52.70. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $52.12 and a 1-year high of $53.25.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1996 per share. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, June 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.