Graypoint LLC Increases Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Graypoint LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 130.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 350,799 shares of the company’s stock after buying an additional 198,552 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises about 1.1% of Graypoint LLC’s portfolio, making the stock its 22nd biggest holding. Graypoint LLC owned approximately 0.09% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $18,136,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Rise Advisors LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $29,000. Kennebec Savings Bank purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $43,000. Fortitude Family Office LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $43,000. Future Financial Wealth Managment LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at about $104,000. Finally, First PREMIER Bank raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% in the 3rd quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock valued at $112,000 after acquiring an additional 1,575 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ:IGSB traded down $0.15 during mid-day trading on Friday, reaching $51.54. 3,715,405 shares of the company were exchanged, compared to its average volume of 3,598,033. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.58 and a 1 year high of $52.74. The firm’s 50-day simple moving average is $51.83 and its 200 day simple moving average is $51.96.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.181 dividend. This represents a $2.17 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.