Valley Wealth Managers Inc. Sells 341 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Valley Wealth Managers Inc. lowered its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 31.2% in the third quarter, HoldingsChannel reports. The firm owned 751 shares of the company’s stock after selling 341 shares during the period. Valley Wealth Managers Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $40,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $29,000. Kennebec Savings Bank bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $43,000. Family Firm Inc. bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $49,000. Payden & Rygel Investment Group acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter worth $90,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth $104,000. 76.06% of the stock is owned by institutional investors.

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

IGSB opened at $51.81 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.19 and a 1-year high of $52.74. The firm has a 50-day moving average price of $52.26 and a two-hundred day moving average price of $51.76.

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

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

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.