Private Ocean LLC Decreases Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Private Ocean LLC reduced its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 49.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,364 shares of the company’s stock after selling 2,274 shares during the period. Private Ocean LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $25,000. Headinvest LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $33,000. Tidemark LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $49,000. Life Planning Partners Inc acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $111,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter valued at about $142,000. 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 iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.02 during trading on Friday, reaching $51.24. The company had a trading volume of 2,817,108 shares, compared to its average volume of 2,961,078. The firm’s fifty day moving average is $51.07 and its 200-day moving average is $51.10. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.36 and a fifty-two week high of $51.53.

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

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a $0.1744 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.09 annualized dividend and a dividend yield of 4.08%.

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.