Hollencrest Capital Management Cuts Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Hollencrest Capital Management lessened its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 30.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,089 shares of the company’s stock after selling 16,870 shares during the quarter. Hollencrest Capital Management’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,073,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in IGSB. Private Wealth Asset Management LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $29,000. Root Financial Partners LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $39,000. Highline Wealth Partners LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $53,000. Silicon Valley Capital Partners purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $73,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $110,000. 76.06% of the stock is owned by institutional investors.

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

NASDAQ:IGSB opened at $53.03 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $51.49 and a fifty-two week high of $53.18. The business has a 50 day moving average price of $52.93 and a 200-day moving average price of $52.90.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.2018 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, December 19th.

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.