iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Shares Purchased by Hilton Capital Management LLC

Hilton Capital Management LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 4.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,323 shares of the company’s stock after acquiring an additional 6,946 shares during the period. Hilton Capital Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $9,127,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Rise Advisors LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $29,000. Kennebec Savings Bank bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $43,000. Family Firm Inc. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $49,000. Payden & Rygel Investment Group acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at approximately $90,000. Finally, Future Financial Wealth Managment LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth $104,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

Shares of NASDAQ IGSB opened at $51.88 on Wednesday. The firm’s 50-day moving average price is $52.23 and its two-hundred day moving average price is $51.79. 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 company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1836 dividend. 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 was Friday, November 1st. This represents a $2.20 annualized dividend and a dividend yield of 4.25%.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.