Parkside Investments LLC Sells 79,710 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Parkside Investments LLC trimmed its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,005 shares of the company’s stock after selling 79,710 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for approximately 3.8% of Parkside Investments LLC’s investment portfolio, making the stock its 3rd biggest holding. Parkside Investments LLC owned about 0.08% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $19,131,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Baird Financial Group Inc. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.8% during the 1st quarter. Baird Financial Group Inc. now owns 508,722 shares of the company’s stock worth $26,311,000 after purchasing an additional 41,286 shares during the period. Zions Bancorporation N.A. acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter worth about $228,000. West Michigan Advisors LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter worth about $272,000. Nations Financial Group Inc. IA ADV grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 71,216 shares of the company’s stock valued at $3,683,000 after acquiring an additional 3,055 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 28.8% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 42,316 shares of the company’s stock valued at $2,188,000 after acquiring an additional 9,450 shares during the period. 66.92% of the stock is owned by institutional investors and hedge funds.

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

NASDAQ:IGSB opened at $50.16 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $48.62 and a 52 week high of $51.93. The stock’s 50-day moving average price is $50.19 and its 200-day moving average price is $49.84.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were paid a $0.125 dividend. The ex-dividend date was Wednesday, March 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.11. This represents a $1.50 dividend on an annualized basis and a yield of 2.99%.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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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.