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

Crescent Grove Advisors LLC reduced its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,122 shares of the company’s stock after selling 7,789 shares during the quarter. Crescent Grove Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $4,588,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IGSB. Allstate Corp boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.3% during the first quarter. Allstate Corp now owns 6,157,676 shares of the company’s stock worth $315,766,000 after acquiring an additional 627,127 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.0% during the second quarter. Confluence Investment Management LLC now owns 353,734 shares of the company’s stock worth $18,125,000 after purchasing an additional 250,610 shares during the last quarter. Summit Financial LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 732.8% during the second quarter. Summit Financial LLC now owns 149,574 shares of the company’s stock worth $7,664,000 after purchasing an additional 131,614 shares during the last quarter. Wellington Wealth Strategies LLC. purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at $5,925,000. Finally, Captrust Financial Advisors increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.6% in the first quarter. Captrust Financial Advisors now owns 2,099,769 shares of the company’s stock valued at $106,671,000 after purchasing an additional 92,461 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.1 %

NASDAQ IGSB opened at $51.88 on Wednesday. The business’s 50-day moving average price is $52.33 and its 200 day moving average price is $51.72. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.79 and a twelve month high of $52.74.

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

The business also recently announced a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be given a $0.1836 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.20 annualized dividend and a dividend yield of 4.25%.

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.