iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Stock Sold by Miller Global Investments LLC

Miller Global Investments LLC trimmed its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 91.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,632 shares of the company’s stock after selling 47,399 shares during the quarter. Miller Global Investments LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $237,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in IGSB. Cornerstone Planning Group LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% in the first quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock worth $67,000 after acquiring an additional 901 shares during the last quarter. Main Street Group LTD purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter worth about $105,000. Highland Investment Advisors LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $141,000. Continuum Advisory LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $167,000. Finally, Bogart Wealth LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 161.4% in the 1st quarter. Bogart Wealth LLC now owns 3,239 shares of the company’s stock worth $170,000 after purchasing an additional 2,000 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

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

IGSB stock traded down $0.05 during trading on Friday, hitting $51.07. 4,646,209 shares of the stock traded hands, compared to its average volume of 3,653,397. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.97 and a 1 year high of $53.25. The firm’s 50 day moving average is $51.85 and its two-hundred day moving average is $52.19.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be given a dividend of $0.2037 per share. This represents a $2.44 annualized dividend and a dividend yield of 4.8%. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2020. The ex-dividend date of this dividend is Thursday, October 1st.

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.