Schechter Investment Advisors LLC Sells 3,500 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Schechter Investment Advisors LLC cut its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,210 shares of the company’s stock after selling 3,500 shares during the period. Schechter Investment Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IGSB. Householder Group Estate & Retirement Specialist LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $31,000. Headinvest LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $33,000. Indiana Trust & Investment Management CO purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $38,000. Coppell Advisory Solutions Corp. purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $48,000. Finally, Payden & Rygel Investment Group purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $87,000. 74.81% of the stock is owned by institutional investors.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $51.33 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.36 and a fifty-two week high of $51.53. The firm’s 50-day simple moving average is $51.16 and its 200 day simple moving average is $50.61.

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

The business also recently announced a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were paid a $0.1623 dividend. This represents a $1.95 dividend on an annualized basis and a yield of 3.79%. The ex-dividend date was Friday, March 1st.

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.