SlateStone Wealth LLC Grows Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

SlateStone Wealth LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.8% during the fourth quarter, Holdings Channel reports. The fund owned 14,545 shares of the company’s stock after buying an additional 400 shares during the period. SlateStone Wealth LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NYL Investors LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after acquiring an additional 9,604,302 shares during the last quarter. Captrust Financial Advisors boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the third quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after acquiring an additional 574,897 shares during the last quarter. Money Design Co. Ltd. boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.5% in the fourth quarter. Money Design Co. Ltd. now owns 1,228,263 shares of the company’s stock valued at $63,501,000 after acquiring an additional 64,258 shares during the last quarter. One Capital Management LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.8% in the fourth quarter. One Capital Management LLC now owns 1,197,002 shares of the company’s stock valued at $61,885,000 after acquiring an additional 21,740 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.1% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 946,236 shares of the company’s stock valued at $48,920,000 after acquiring an additional 10,591 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IGSB stock opened at $52.06 on Monday. The firm’s 50 day moving average is $51.93 and its 200 day moving average is $52.05. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.58 and a 12 month high of $52.74.

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

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1867 per share. The ex-dividend date was Monday, March 3rd.

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.