MassMutual Private Wealth & Trust FSB Trims Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

MassMutual Private Wealth & Trust FSB lowered its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 1.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,919 shares of the company’s stock after selling 291 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $771,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the third quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after purchasing an additional 574,897 shares during the period. Graypoint LLC boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 130.4% in the 4th quarter. Graypoint LLC now owns 350,799 shares of the company’s stock valued at $18,136,000 after buying an additional 198,552 shares during the period. TD Private Client Wealth LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 24.9% in the third quarter. TD Private Client Wealth LLC now owns 401,020 shares of the company’s stock worth $21,118,000 after acquiring an additional 79,919 shares in the last quarter. Marshall Wace LLP increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 57.1% during the second quarter. Marshall Wace LLP now owns 219,900 shares of the company’s stock worth $11,268,000 after acquiring an additional 79,900 shares during the period. Finally, Strategic Advocates LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 61.5% in the third quarter. Strategic Advocates LLC now owns 163,926 shares of the company’s stock valued at $8,632,000 after acquiring an additional 62,428 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

IGSB opened at $51.86 on Wednesday. The business has a fifty day moving average price of $51.81 and a 200 day moving average price of $52.00. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.58 and a 12 month high of $52.74.

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

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.181 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 4.19%.

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.