Bank of New York Mellon Corp Purchases 16,644 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Bank of New York Mellon Corp grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 3.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 470,015 shares of the company’s stock after acquiring an additional 16,644 shares during the quarter. Bank of New York Mellon Corp owned about 0.12% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $24,615,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 15,422 shares of the company’s stock worth $808,000 after purchasing an additional 503 shares during the last quarter. 1620 Investment Advisors Inc. grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 40,533 shares of the company’s stock worth $2,096,000 after acquiring an additional 606 shares during the period. Bank of New Hampshire acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at $36,000. Fiduciary Alliance LLC grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% in the first quarter. Fiduciary Alliance LLC now owns 54,543 shares of the company’s stock valued at $2,856,000 after purchasing an additional 800 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.5% during the fourth quarter. Sunbelt Securities Inc. now owns 7,460 shares of the company’s stock valued at $386,000 after acquiring an additional 947 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $52.51 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.39 and a 12 month high of $52.77. The stock’s 50-day moving average is $52.36 and its 200-day moving average is $52.14.

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

The company also recently announced a dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were given a $0.1943 dividend. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Tuesday, July 1st.

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.