Payden & Rygel Investment Group Takes Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Payden & Rygel Investment Group acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,747 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at about $25,000. Tidemark LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $49,000. Park Place Capital Corp boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% in the first quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock valued at $76,000 after acquiring an additional 1,083 shares during the period. Richardson Financial Services Inc. grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% during the 1st quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock worth $79,000 after buying an additional 1,478 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $111,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NASDAQ IGSB traded up $0.03 during trading on Thursday, hitting $51.59. The company had a trading volume of 1,515,796 shares, compared to its average volume of 2,798,144. The business’s 50-day moving average is $51.26 and its 200 day moving average is $51.14. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.36 and a 52 week high of $51.73.

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

The company also recently declared a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were paid a dividend of $0.1788 per share. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Monday, July 1st.

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.