Summit Financial LLC Acquires 33,615 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Summit Financial LLC increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 232,384 shares of the company’s stock after acquiring an additional 33,615 shares during the quarter. Summit Financial LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $12,014,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NYL Investors LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the 4th quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock worth $501,958,000 after acquiring an additional 9,604,302 shares during the period. Allstate Corp raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% in the fourth quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock valued at $212,800,000 after purchasing an additional 782,750 shares in the last quarter. SVB Wealth LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $18,576,000. JPMorgan Chase & Co. boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock worth $163,505,000 after buying an additional 218,036 shares in the last quarter. Finally, Graypoint LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 130.4% in the 4th quarter. Graypoint LLC now owns 350,799 shares of the company’s stock valued at $18,136,000 after buying an additional 198,552 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.2 %

NASDAQ:IGSB opened at $52.34 on Monday. The company has a 50-day moving average of $52.05 and a 200-day moving average of $52.04. 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.

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. Shareholders 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.