Strategic Investment Advisors MI Acquires 75,616 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Strategic Investment Advisors MI increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 21.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 433,264 shares of the company’s stock after acquiring an additional 75,616 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for approximately 1.6% of Strategic Investment Advisors MI’s portfolio, making the stock its 16th biggest position. Strategic Investment Advisors MI’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $22,774,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $39,000. Birchwood Financial Partners Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $45,000. Kelleher Financial Advisors bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $51,000. Ares Financial Consulting LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $58,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $65,000. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.0%

IGSB opened at $52.14 on Thursday. The business’s 50-day simple moving average is $52.25 and its 200 day simple moving average is $52.56. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.97 and a 52-week high of $53.25.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.2011 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.6%.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.