Janney Capital Management LLC Lowers Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Janney Capital Management LLC lessened its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 3.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,381 shares of the company’s stock after selling 338 shares during the period. Janney Capital Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $433,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IGSB. PSI Advisors LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% during the 4th quarter. PSI Advisors LLC now owns 481 shares of the company’s stock valued at $25,000 after buying an additional 206 shares in the last quarter. Rise Advisors LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at $29,000. Kennebec Savings Bank purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at $43,000. Fortitude Family Office LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $43,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $104,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

IGSB opened at $51.81 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.58 and a twelve month high of $52.74. The company has a 50-day moving average price of $51.81 and a 200 day moving average price of $52.00.

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

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a $0.181 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.17 annualized dividend and a dividend yield of 4.19%.

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.