Janney Montgomery Scott LLC Has $35.38 Million Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Janney Montgomery Scott LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 4.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 675,488 shares of the company’s stock after purchasing an additional 25,718 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $35,375,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock valued at $685,295,000 after acquiring an additional 1,090,281 shares during the period. Allstate Corp increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% in the fourth quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock valued at $212,800,000 after purchasing an additional 782,750 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the fourth quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock worth $163,505,000 after purchasing an additional 218,036 shares during the period. Captrust Financial Advisors boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.7% during the fourth quarter. Captrust Financial Advisors now owns 2,932,031 shares of the company’s stock worth $151,586,000 after purchasing an additional 184,761 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.5% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,529,093 shares of the company’s stock worth $79,054,000 after purchasing an additional 205,500 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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

IGSB opened at $52.32 on Tuesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.00 and a 12 month high of $52.74. The company has a fifty day simple moving average of $52.19 and a 200 day simple moving average of $52.03.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.1942 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.33 annualized dividend and a dividend yield of 4.45%.

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.