Kennebec Savings Bank Takes Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Kennebec Savings Bank bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 3rd quarter, HoldingsChannel reports. The fund bought 809 shares of the company’s stock, valued at approximately $43,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IGSB. Leavell Investment Management Inc. grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 18.2% in the third quarter. Leavell Investment Management Inc. now owns 351,511 shares of the company’s stock worth $18,511,000 after purchasing an additional 54,035 shares during the last quarter. Graypoint LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.5% in the third quarter. Graypoint LLC now owns 152,247 shares of the company’s stock worth $8,017,000 after purchasing an additional 5,153 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% in the third quarter. Janney Montgomery Scott LLC now owns 697,273 shares of the company’s stock worth $36,718,000 after purchasing an additional 19,218 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.8% in the third quarter. Princeton Global Asset Management LLC now owns 46,648 shares of the company’s stock worth $2,457,000 after purchasing an additional 3,756 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.2% in the third quarter. Farther Finance Advisors LLC now owns 11,327 shares of the company’s stock worth $596,000 after purchasing an additional 858 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $51.91 on Tuesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.81 and a 1 year high of $52.74. The firm’s 50-day moving average is $52.31 and its two-hundred day moving average is $51.74.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1836 dividend. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, November 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.