IFG Advisory LLC Sells 1,627 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

IFG Advisory LLC reduced its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 8.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 17,684 shares of the company’s stock after selling 1,627 shares during the period. IFG Advisory LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.4% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 64,071 shares of the company’s stock worth $3,286,000 after buying an additional 231 shares during the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $25,000. Wellspring Financial Advisors LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.9% in the 4th quarter. Wellspring Financial Advisors LLC now owns 70,788 shares of the company’s stock worth $3,630,000 after buying an additional 653 shares during the last quarter. Tidemark LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $49,000. Finally, Family Firm Inc. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $49,000. 76.06% of the stock is owned by institutional investors.

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

Shares of NASDAQ IGSB opened at $52.33 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.36 and a twelve month high of $52.38. The stock’s 50 day moving average price is $51.74 and its 200-day moving average price is $51.29.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were paid a $0.1761 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.11 annualized dividend and a yield of 4.04%.

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.