Fisher Asset Management LLC Decreases Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Posted by Defense World Staff on Apr 29th, 2023

Fisher Asset Management LLC lessened its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,564 shares of the company’s stock after selling 1,085 shares during the quarter. Fisher Asset Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Command Bank acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $36,000. City Holding Co. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 39.2% in the 4th quarter. City Holding Co. now owns 1,420 shares of the company’s stock valued at $71,000 after purchasing an additional 400 shares in the last quarter. Roger Wittlin Investment Advisory LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $145,000. Leelyn Smith LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $149,000. Finally, Horan Securities Inc. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 79.7% in the 4th quarter. Horan Securities Inc. now owns 3,276 shares of the company’s stock valued at $163,000 after purchasing an additional 1,453 shares in the last quarter. Hedge funds and other institutional investors own 66.92% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.3 %

Shares of IGSB opened at $50.71 on Friday. The business’s 50 day moving average is $50.49 and its two-hundred day moving average is $50.29. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $48.62 and a 52-week high of $51.45.

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

The company also recently declared a monthly dividend, which was paid on Friday, April 7th. Investors of record on Tuesday, April 4th were given a dividend of $0.13 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. This represents a $1.56 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, April 3rd.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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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.