Graypoint LLC Grows Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Graypoint LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 130.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 350,799 shares of the company’s stock after purchasing an additional 198,552 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up 1.1% of Graypoint LLC’s investment portfolio, making the stock its 22nd largest holding. Graypoint LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $18,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tilia Fiduciary Partners Inc. lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.1% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 37,745 shares of the company’s stock valued at $1,951,000 after buying an additional 772 shares in the last quarter. A. D. Beadell Investment Counsel Inc. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 29,900 shares of the company’s stock worth $1,545,000 after purchasing an additional 250 shares in the last quarter. First International Bank & Trust raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.4% in the 4th quarter. First International Bank & Trust now owns 43,266 shares of the company’s stock valued at $2,237,000 after purchasing an additional 994 shares during the last quarter. Fortitude Family Office LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $43,000. Finally, TD Private Client Wealth LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 24.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 401,020 shares of the company’s stock worth $21,118,000 after purchasing an additional 79,919 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.15 during trading on Friday, hitting $51.54. The company’s stock had a trading volume of 3,715,405 shares, compared to its average volume of 3,598,033. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.58 and a 1-year high of $52.74. The stock’s fifty day moving average is $51.83 and its 200 day moving average is $51.96.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.181 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 4.21%.

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.