Abbrea Capital LLC Cuts Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Abbrea Capital LLC lessened its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,978 shares of the company’s stock after selling 450 shares during the quarter. Abbrea Capital LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,922,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. NYL Investors LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 44.1% in the 3rd quarter. NYL Investors LLC now owns 13,050,985 shares of the company’s stock worth $650,331,000 after purchasing an additional 3,995,985 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 204.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,294 shares of the company’s stock worth $52,336,000 after purchasing an additional 705,565 shares during the period. Lazard Asset Management LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $22,918,000. Toronto Dominion Bank boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 96.1% in the 3rd quarter. Toronto Dominion Bank now owns 814,000 shares of the company’s stock worth $40,562,000 after purchasing an additional 399,000 shares during the period. Finally, NBT Bank N A NY boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,583.4% in the 3rd quarter. NBT Bank N A NY now owns 275,399 shares of the company’s stock worth $13,723,000 after purchasing an additional 265,136 shares during the period. 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 IGSB stock traded up $0.04 on Friday, reaching $50.79. 1,917,543 shares of the company’s stock were exchanged, compared to its average volume of 2,971,868. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.36 and a 52 week high of $51.53. The company’s fifty day simple moving average is $51.02 and its 200 day simple moving average is $50.76.

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

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.1653 per share. This represents a $1.98 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Monday, April 1st.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.