Essential Partners LLC Takes $803,000 Position in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Essential Partners LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,283 shares of the company’s stock, valued at approximately $803,000.

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

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

Shares of IGSB stock opened at $52.18 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $51.97 and a fifty-two week high of $53.25. The stock has a 50 day simple moving average of $52.25 and a two-hundred day simple moving average of $52.55.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders 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.