17,055 Shares in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Bought by Palladiem LLC

Palladiem LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 4th quarter, HoldingsChannel reports. The fund bought 17,055 shares of the company’s stock, valued at approximately $902,000. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up 0.9% of Palladiem LLC’s investment portfolio, making the stock its 19th largest position.

Other hedge funds also recently made changes to their positions in the company. Aventura Private Wealth LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $34,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $39,000. Harbor Investment Advisory LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after buying an additional 500 shares during the period. Kelleher Financial Advisors purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth $51,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $58,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.3%

Shares of NASDAQ IGSB opened at $52.14 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $52.12 and a 52 week high of $53.25. The firm’s fifty day moving average is $52.45 and its 200 day moving average is $52.75.

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

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.1996 dividend. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.