DMC Group LLC Buys 919 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

DMC Group LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,921 shares of the company’s stock after purchasing an additional 919 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises about 1.9% of DMC Group LLC’s investment portfolio, making the stock its 8th largest position. DMC Group LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,374,000 at the end of the most recent reporting period.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.0 %

NASDAQ IGSB opened at $51.99 on Thursday. The business’s 50-day moving average price is $51.82 and its 200 day moving average price is $52.02. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.58 and a twelve month high of $52.74.

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

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.181 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.17 annualized dividend and a dividend yield of 4.18%.

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.