Janney Montgomery Scott LLC Trims Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Janney Montgomery Scott LLC lessened its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 649,770 shares of the company’s stock after selling 47,503 shares during the quarter. Janney Montgomery Scott LLC owned 0.16% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $33,593,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Eagle Asset Management Inc. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.4% during the third quarter. Eagle Asset Management Inc. now owns 14,149 shares of the company’s stock valued at $735,000 after acquiring an additional 721 shares during the last quarter. Bartlett & CO. Wealth Management LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.5% during the third quarter. Bartlett & CO. Wealth Management LLC now owns 586,165 shares of the company’s stock valued at $30,867,000 after acquiring an additional 35,557 shares during the last quarter. Lazari Capital Management Inc. purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at $409,000. Greenwood Gearhart Inc. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% during the third quarter. Greenwood Gearhart Inc. now owns 650,428 shares of the company’s stock valued at $34,252,000 after acquiring an additional 16,987 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at $116,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of IGSB opened at $51.83 on Friday. The business has a 50-day simple moving average of $51.81 and a two-hundred day simple moving average of $52.00. 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.

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

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.181 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.