iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Stock Position Trimmed by Meritage Portfolio Management

Meritage Portfolio Management trimmed its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,001 shares of the company’s stock after selling 2,799 shares during the period. Meritage Portfolio Management’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $9,900,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 91,827 shares of the company’s stock valued at $4,709,000 after acquiring an additional 4,367 shares during the period. Allstate Corp increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.3% during the 1st quarter. Allstate Corp now owns 6,157,676 shares of the company’s stock valued at $315,766,000 after purchasing an additional 627,127 shares during the period. Alley Investment Management Company LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.3% in the 1st quarter. Alley Investment Management Company LLC now owns 350,294 shares of the company’s stock worth $17,963,000 after buying an additional 7,711 shares in the last quarter. Payden & Rygel Investment Group acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth about $90,000. Finally, Wellington Wealth Strategies LLC. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter worth about $5,925,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

Shares of NASDAQ:IGSB traded down $0.01 during trading hours on Friday, hitting $51.96. 2,693,419 shares of the company’s stock traded hands, compared to its average volume of 2,735,033. The company’s fifty day simple moving average is $52.31 and its two-hundred day simple moving average is $51.73. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.79 and a 52 week high of $52.74.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1836 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.20 dividend on an annualized basis and a yield of 4.24%. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.