Prime Capital Investment Advisors LLC Boosts Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Prime Capital Investment Advisors LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 21.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 218,891 shares of the company’s stock after buying an additional 38,347 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $11,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth $29,000. Kennebec Savings Bank purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $43,000. Family Firm Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $49,000. Payden & Rygel Investment Group purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter valued at approximately $90,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $104,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

NASDAQ IGSB traded down $0.05 during trading hours on Tuesday, hitting $51.86. 145,362 shares of the company were exchanged, compared to its average volume of 2,717,837. The company has a 50 day moving average of $52.30 and a two-hundred day moving average of $51.75. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.81 and a 52-week high of $52.74.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1836 per share. This represents a $2.20 annualized dividend and a yield of 4.25%. The ex-dividend date was Friday, November 1st. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

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.