Beacon Financial Group Reduces Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Beacon Financial Group lowered its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 87.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,698 shares of the company’s stock after selling 77,990 shares during the quarter. Beacon Financial Group’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thompson Investment Management Inc. boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% in the 4th quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares in the last quarter. Fiduciary Alliance LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.4% during the 1st quarter. Fiduciary Alliance LLC now owns 13,150 shares of the company’s stock valued at $692,000 after purchasing an additional 310 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.5% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 14,036 shares of the company’s stock worth $742,000 after buying an additional 472 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after buying an additional 500 shares during the last quarter. Finally, Peloton Wealth Strategists raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.2% in the fourth quarter. Peloton Wealth Strategists now owns 11,872 shares of the company’s stock worth $628,000 after buying an additional 589 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

NASDAQ:IGSB opened at $52.13 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $52.09 and a 12 month high of $53.25. The firm has a fifty day simple moving average of $52.32 and a 200-day simple moving average of $52.63.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.2011 dividend. 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 was Wednesday, July 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 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.