iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194,307 shares of the company’s stock after selling 34,590 shares during the period. Confluence Investment Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $10,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IGSB. Rise Advisors LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $29,000. Kennebec Savings Bank acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $43,000. Future Financial Wealth Managment LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth approximately $104,000. First PREMIER Bank grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% during the 3rd quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock worth $112,000 after acquiring an additional 1,575 shares in the last quarter. Finally, ORG Partners LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $116,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IGSB opened at $51.72 on Friday. The firm’s fifty day simple moving average is $51.87 and its 200-day simple moving average is $51.95. 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.

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

The firm also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.181 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, December 18th.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.