First International Bank & Trust Purchases 994 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

First International Bank & Trust boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,266 shares of the company’s stock after acquiring an additional 994 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for about 0.7% of First International Bank & Trust’s holdings, making the stock its 19th biggest position. First International Bank & Trust’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,237,000 at the end of the most recent reporting period.

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

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

Shares of IGSB opened at $51.69 on Friday. 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. The stock has a 50 day moving average price of $51.83 and a two-hundred day moving average price of $51.96.

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

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

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.