Crestwood Advisors Group LLC Reduces Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Crestwood Advisors Group LLC trimmed its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 3.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,341 shares of the company’s stock after selling 6,256 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $9,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 18.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 217,249 shares of the company’s stock valued at $11,139,000 after acquiring an additional 34,147 shares during the last quarter. Wellspring Financial Advisors LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.9% during the fourth 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 in the last quarter. Clearbridge Investments LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 42.2% during the fourth quarter. Clearbridge Investments LLC now owns 7,119 shares of the company’s stock worth $365,000 after buying an additional 2,113 shares in the last quarter. Parkside Investments LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.0% during the second quarter. Parkside Investments LLC now owns 695,665 shares of the company’s stock worth $35,646,000 after buying an additional 90,930 shares during the last quarter. Finally, Gradient Capital Advisors LLC grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.6% in the 1st quarter. Gradient Capital Advisors LLC now owns 48,296 shares of the company’s stock valued at $2,477,000 after buying an additional 4,230 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.0 %

Shares of IGSB opened at $52.33 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.36 and a 52-week high of $52.38. The stock has a fifty day simple moving average of $51.74 and a two-hundred day simple moving average of $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 issued a $0.1761 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, August 1st.

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.