Union Savings Bank Boosts Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Union Savings Bank raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 94.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,792 shares of the company’s stock after buying an additional 8,167 shares during the quarter. Union Savings Bank’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $868,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. PSI Advisors LLC grew its holdings 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 worth $25,000 after buying an additional 206 shares in the last quarter. Rise Advisors LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $29,000. Kennebec Savings Bank purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $43,000. Fortitude Family Office LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $43,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $104,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

IGSB stock opened at $51.79 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.58 and a 52-week high of $52.74. The stock’s fifty day simple moving average is $51.81 and its 200-day simple moving average is $51.99.

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

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

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.