Davis R M Inc. Has $8.41 Million Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Davis R M Inc. lessened its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,665 shares of the company’s stock after selling 11,290 shares during the quarter. Davis R M Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $8,408,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $29,000. Kennebec Savings Bank acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $43,000. Family Firm Inc. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $49,000. Future Financial Wealth Managment LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $104,000. Finally, First PREMIER Bank raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% in the 3rd quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock worth $112,000 after acquiring an additional 1,575 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $51.83 on Monday. The firm has a fifty day moving average price of $52.19 and a two-hundred day moving average price of $51.81. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.30 and a fifty-two week high of $52.74.

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

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

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.