SouthState Corp Sells 2,353 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

SouthState Corp reduced its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 106,318 shares of the company’s stock after selling 2,353 shares during the quarter. SouthState Corp’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $5,599,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parkside Investments LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.0% in the second quarter. Parkside Investments LLC now owns 695,665 shares of the company’s stock valued at $35,646,000 after acquiring an additional 90,930 shares in the last quarter. Zions Bancorporation N.A. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $154,000. Lazard Asset Management LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% in the first quarter. Lazard Asset Management LLC now owns 479,410 shares of the company’s stock worth $24,583,000 after buying an additional 6,883 shares during the last quarter. Family Firm Inc. purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $49,000. Finally, Waterloo Capital L.P. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 40.3% in the 2nd quarter. Waterloo Capital L.P. now owns 10,577 shares of the company’s stock valued at $542,000 after acquiring an additional 3,040 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 Stock Performance

IGSB opened at $51.86 on Tuesday. The stock’s fifty day moving average is $52.25 and its two-hundred day moving average is $51.78. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $50.22 and a 52 week high of $52.74.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1836 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.25%.

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.