Confluence Wealth Services Inc. Cuts Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Confluence Wealth Services Inc. decreased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 62.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,125 shares of the company’s stock after selling 6,953 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $217,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the first quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock valued at $79,000 after purchasing an additional 1,478 shares during the last quarter. Mittelman Wealth Management acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter valued at $1,036,000. New South Capital Management Inc. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.2% during the 1st quarter. New South Capital Management Inc. now owns 67,328 shares of the company’s stock worth $3,453,000 after purchasing an additional 1,425 shares in the last quarter. Pinkerton Retirement Specialists LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 91,827 shares of the company’s stock valued at $4,709,000 after purchasing an additional 4,367 shares during the last quarter. Finally, Allstate Corp lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.3% in the 1st quarter. Allstate Corp now owns 6,157,676 shares of the company’s stock valued at $315,766,000 after purchasing an additional 627,127 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ IGSB opened at $51.84 on Tuesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.79 and a 12 month high of $52.74. The company has a 50-day simple moving average of $52.34 and a 200-day simple moving average of $51.71.

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

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st will be issued a $0.1836 dividend. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date is Friday, November 1st. This represents a $2.20 annualized dividend and a yield of 4.25%.

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.