Prime Capital Investment Advisors LLC Reduces Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Prime Capital Investment Advisors LLC lowered its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 34.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 544,773 shares of the company’s stock after selling 284,203 shares during the quarter. Prime Capital Investment Advisors LLC owned approximately 0.13% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $28,742,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IGSB. GAMMA Investing LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5,137.5% during the first quarter. GAMMA Investing LLC now owns 2,514 shares of the company’s stock valued at $132,000 after buying an additional 2,466 shares during the last quarter. Bank of New Hampshire purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at about $36,000. Tilia Fiduciary Partners Inc. lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.5% during the 1st quarter. Tilia Fiduciary Partners Inc. now owns 40,588 shares of the company’s stock valued at $2,126,000 after buying an additional 2,843 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.8% during the 1st quarter. NewSquare Capital LLC now owns 641,761 shares of the company’s stock valued at $33,609,000 after acquiring an additional 11,367 shares during the period. Finally, Sanibel Captiva Trust Company Inc. purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter worth approximately $262,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ:IGSB opened at $52.92 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $51.39 and a 1-year high of $53.16. The firm’s 50 day simple moving average is $52.89 and its two-hundred day simple moving average is $52.50.

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

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be paid a $0.1987 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.