Crescent Grove Advisors LLC Cuts Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Crescent Grove Advisors LLC decreased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 85,191 shares of the company’s stock after selling 1,931 shares during the quarter. Crescent Grove Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $4,404,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 57.1% in the 2nd quarter. Marshall Wace LLP now owns 219,900 shares of the company’s stock valued at $11,268,000 after purchasing an additional 79,900 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 30.7% in the second quarter. Sunbelt Securities Inc. now owns 6,385 shares of the company’s stock valued at $327,000 after buying an additional 1,498 shares during the last quarter. Lazari Capital Management Inc. acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at $409,000. Burns J W & Co. Inc. NY lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 52,367 shares of the company’s stock worth $2,758,000 after buying an additional 415 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $104,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ IGSB opened at $51.88 on Friday. The stock’s 50-day simple moving average is $51.81 and its 200-day simple moving average is $52.00. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.58 and a fifty-two week high of $52.74.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.181 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.17 dividend on an annualized basis and a yield of 4.19%.

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.