Capital Investment Services of America Inc. Trims Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Capital Investment Services of America Inc. decreased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 126,240 shares of the company’s stock after selling 2,892 shares during the quarter. Capital Investment Services of America Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $6,660,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Private Wealth Asset Management LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $46,000. Valley Wealth Managers Inc. increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 64.6% in the first quarter. Valley Wealth Managers Inc. now owns 1,236 shares of the company’s stock valued at $65,000 after purchasing an additional 485 shares during the period. Olde Wealth Management LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $68,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $84,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

NASDAQ IGSB opened at $53.14 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.39 and a 52-week high of $53.17. The business’s 50-day moving average price is $52.97 and its 200 day moving average price is $52.57.

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

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.1987 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.