Payden & Rygel Invests $5.26 Million in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Payden & Rygel purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 99,406 shares of the company’s stock, valued at approximately $5,257,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 13.6% during the fourth quarter. TD Private Client Wealth LLC now owns 815,286 shares of the company’s stock worth $43,112,000 after buying an additional 97,349 shares during the period. RiverFront Investment Group LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 212.1% during the 4th quarter. RiverFront Investment Group LLC now owns 1,368,310 shares of the company’s stock valued at $72,356,000 after acquiring an additional 929,944 shares during the period. Grey Ledge Advisors LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 16.9% during the 4th quarter. Grey Ledge Advisors LLC now owns 96,102 shares of the company’s stock worth $5,082,000 after acquiring an additional 13,876 shares in the last quarter. Vantage Financial Partners LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% during the 4th quarter. Vantage Financial Partners LLC now owns 58,057 shares of the company’s stock worth $3,070,000 after acquiring an additional 4,549 shares in the last quarter. Finally, Oak Family Advisors LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 277.0% in the 4th quarter. Oak Family Advisors LLC now owns 83,800 shares of the company’s stock worth $4,431,000 after acquiring an additional 61,574 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

NASDAQ IGSB opened at $52.25 on Tuesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $52.12 and a 1-year high of $53.25. The business has a 50 day moving average price of $52.52 and a 200 day moving average price of $52.80.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.1978 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a 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.