Marathon Strategic Advisors LLC Sells 673 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Marathon Strategic Advisors LLC lessened its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,528 shares of the company’s stock after selling 673 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for about 0.5% of Marathon Strategic Advisors LLC’s portfolio, making the stock its 26th biggest position. Marathon Strategic Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PSI Advisors LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% in the fourth quarter. PSI Advisors LLC now owns 481 shares of the company’s stock worth $25,000 after purchasing an additional 206 shares during the period. Rise Advisors LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $29,000. Kennebec Savings Bank bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $43,000. Fortitude Family Office LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $43,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $104,000. 76.06% of the stock is owned by institutional investors and hedge funds.

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

Shares of IGSB opened at $51.81 on Thursday. The firm has a 50 day simple moving average of $51.81 and a two-hundred day simple moving average of $52.00. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $50.58 and a one year high of $52.74.

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

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

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.