Gradient Capital Advisors LLC Increases Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Gradient Capital Advisors LLC boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 9.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 48,296 shares of the company’s stock after purchasing an additional 4,230 shares during the quarter. Gradient Capital Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,477,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $25,000. Headinvest LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $33,000. Tidemark LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $49,000. Life Planning Partners Inc purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $111,000. Finally, Future Financial Wealth Managment LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at about $142,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

IGSB traded down $0.02 during midday trading on Friday, hitting $51.24. 2,817,108 shares of the company traded hands, compared to its average volume of 2,961,078. The company’s 50-day moving average is $51.07 and its 200 day moving average is $51.10. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.36 and a 52 week high of $51.53.

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

The business also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.1744 per share. This represents a $2.09 annualized dividend and a yield of 4.08%. The ex-dividend date was Monday, June 3rd.

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.