Plimoth Trust Co. LLC Has $275,000 Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Plimoth Trust Co. LLC reduced its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 13.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,367 shares of the company’s stock after selling 830 shares during the quarter. Plimoth Trust Co. LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $275,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $25,000. Tidemark LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $49,000. Park Place Capital Corp increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% during the first quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock valued at $76,000 after acquiring an additional 1,083 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% during the first quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock worth $79,000 after purchasing an additional 1,478 shares during the period. Finally, Payden & Rygel Investment Group acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth approximately $90,000. 76.06% of the stock is owned by institutional investors and hedge funds.

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

NASDAQ IGSB traded down $0.08 during mid-day trading on Thursday, hitting $52.16. The company’s stock had a trading volume of 2,175,295 shares, compared to its average volume of 2,729,850. The company’s 50 day simple moving average is $51.61 and its 200 day simple moving average is $51.23. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.36 and a twelve month high of $52.29.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were given a dividend of $0.1761 per share. This represents a $2.11 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, August 1st.

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.