GreatBanc Trust CO acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Free Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 11,342 shares of the company’s stock, valued at approximately $581,000. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for about 0.3% of GreatBanc Trust CO’s holdings, making the stock its 29th largest position.
A number of other institutional investors also recently modified their holdings of IGSB. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.9% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,825 shares of the company’s stock worth $253,000 after buying an additional 625 shares during the period. First Horizon Corp lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 19.6% in the first quarter. First Horizon Corp now owns 3,963 shares of the company’s stock valued at $208,000 after buying an additional 649 shares during the period. Holos Integrated Wealth LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $37,000. Plimoth Trust Co. LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.6% in the third quarter. Plimoth Trust Co. LLC now owns 5,877 shares of the company’s stock valued at $301,000 after buying an additional 750 shares during the period. Finally, Cornerstone Planning Group LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% during the first quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock valued at $67,000 after acquiring an additional 901 shares during the last quarter. 76.06% of the stock is owned by institutional investors.
iShares 1-5 Year Investment Grade Corporate Bond ETF Price Performance
Shares of IGSB opened at $51.57 on Monday. The firm’s fifty day simple moving average is $51.46 and its two-hundred day simple moving average is $52.23. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.97 and a 12 month high of $53.25.
iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a $0.2043 dividend. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2037. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $2.45 annualized dividend and a dividend yield of 4.8%.
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.
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