Kingswood Wealth Advisors LLC Raises Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Kingswood Wealth Advisors LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 221.0% during the 4th quarter, Holdings Channel reports. The fund owned 20,294 shares of the company’s stock after buying an additional 13,971 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PSI Advisors LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% in the fourth quarter. PSI Advisors LLC now owns 481 shares of the company’s stock valued at $25,000 after acquiring an additional 206 shares in the last quarter. Rise Advisors LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $29,000. Kennebec Savings Bank purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $43,000. Fortitude Family Office LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $43,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $104,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

IGSB stock opened at $52.00 on Wednesday. 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 company’s 50-day moving average price is $51.81 and its 200 day moving average price is $52.02.

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

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.181 per share. This represents a $2.17 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.