Equitable Trust Co. Lowers Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Equitable Trust Co. cut its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 6.6% in the third quarter, HoldingsChannel reports. The fund owned 119,061 shares of the company’s stock after selling 8,480 shares during the period. Equitable Trust Co.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $6,270,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $29,000. Family Firm Inc. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter worth about $49,000. Payden & Rygel Investment Group purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter worth about $90,000. Future Financial Wealth Managment LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $104,000. Finally, First PREMIER Bank grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% during the 3rd quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock valued at $112,000 after buying an additional 1,575 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.0 %

NASDAQ:IGSB opened at $51.96 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.79 and a 1 year high of $52.74. The stock’s 50 day simple moving average is $52.31 and its two-hundred day simple moving average is $51.73.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.1836 dividend. This represents a $2.20 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

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.