Oak Family Advisors LLC Has $3.25 Million Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Oak Family Advisors LLC lowered its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 26.1% during the first quarter, HoldingsChannel reports. The firm owned 61,902 shares of the company’s stock after selling 21,898 shares during the period. Oak Family Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $3,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of IGSB. Aventura Private Wealth LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $34,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $39,000. Harbor Investment Advisory LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after acquiring an additional 500 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $45,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

IGSB stock opened at $52.36 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $52.12 and a 52-week high of $53.25. The company’s 50 day simple moving average is $52.41 and its 200-day simple moving average is $52.68.

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

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.1996 per share. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.6%.

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.