AdvisorNet Financial Inc Cuts Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

AdvisorNet Financial Inc lowered its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 94.1% during the first quarter, Holdings Channel.com reports. The firm owned 2,093 shares of the company’s stock after selling 33,642 shares during the quarter. AdvisorNet Financial Inc’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Community Trust NA raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4,445.5% in the first quarter. First Community Trust NA now owns 8,000 shares of the company’s stock valued at $420,000 after acquiring an additional 7,824 shares in the last quarter. Aventus Investment Advisors Inc. increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.6% in the 1st quarter. Aventus Investment Advisors Inc. now owns 74,334 shares of the company’s stock valued at $3,907,000 after purchasing an additional 2,612 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.8% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 87,161 shares of the company’s stock valued at $4,581,000 after purchasing an additional 4,789 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $6,181,000. Finally, Union Savings Bank purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $848,000. Hedge funds and other 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 $52.46 on Friday. The firm has a fifty day moving average price of $52.40 and a 200 day moving average price of $52.68. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $52.12 and a 12 month high of $53.25.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.1996 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 Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company 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.