City National Bank of Florida MSD Invests $1.51 Million in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

City National Bank of Florida MSD purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 29,204 shares of the company’s stock, valued at approximately $1,510,000. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for about 1.4% of City National Bank of Florida MSD’s portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% during the fourth quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock worth $685,295,000 after buying an additional 1,090,281 shares during the last quarter. NYL Investors LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% during the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock worth $501,958,000 after buying an additional 9,604,302 shares in the last quarter. Allstate Corp boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% during the 4th quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock worth $212,800,000 after purchasing an additional 782,750 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock valued at $163,505,000 after buying an additional 218,036 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.7% during the fourth quarter. Captrust Financial Advisors now owns 2,932,031 shares of the company’s stock worth $151,586,000 after purchasing an additional 184,761 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

IGSB opened at $52.14 on Thursday. The business has a 50-day moving average of $52.16 and a two-hundred day moving average of $51.99. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.93 and a 12 month high of $52.74.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a $0.1948 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $2.34 dividend on an annualized basis and a yield of 4.48%. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company 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.