IHT Wealth Management LLC Acquires 6,585 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

IHT Wealth Management LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,174 shares of the company’s stock after buying an additional 6,585 shares during the period. IHT Wealth Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $1,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IGSB. Baird Financial Group Inc. boosted its holdings in shares of 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 valued at $26,311,000 after buying an additional 41,286 shares in the last quarter. Zions Bancorporation N.A. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at $228,000. West Michigan Advisors LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at $272,000. Nations Financial Group Inc. IA ADV raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.5% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 71,216 shares of the company’s stock worth $3,683,000 after purchasing an additional 3,055 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 28.8% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 42,316 shares of the company’s stock worth $2,188,000 after purchasing an additional 9,450 shares during the last quarter. Institutional investors own 66.92% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.4 %

IGSB opened at $49.92 on Friday. The stock has a 50-day moving average price of $50.19 and a 200-day moving average price of $49.84. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $48.62 and a 1 year high of $51.94.

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. Stockholders of record on Thursday, March 2nd were given a $0.125 dividend. This represents a $1.50 annualized dividend and a dividend yield of 3.00%. 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.

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.