Confluence Wealth Services Inc. Has $217,000 Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Confluence Wealth Services Inc. lowered its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 62.8% during the third quarter, HoldingsChannel.com reports. The fund owned 4,125 shares of the company’s stock after selling 6,953 shares during the period. Confluence Wealth Services Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $217,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IGSB. Rise Advisors LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $29,000. Family Firm Inc. bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $49,000. Richardson Financial Services Inc. boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the first quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock valued at $79,000 after buying an additional 1,478 shares in the last quarter. Payden & Rygel Investment Group bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth about $90,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

NASDAQ IGSB opened at $51.84 on Tuesday. The stock’s 50 day simple moving average is $52.34 and its 200 day simple moving average is $51.71. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $49.79 and a one year high of $52.74.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, November 6th. Investors of record on Friday, November 1st will be given a dividend of $0.1836 per share. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.20 annualized dividend and a yield of 4.25%.

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.