DMC Group LLC Grows Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

DMC Group LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 27.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,261 shares of the company’s stock after purchasing an additional 15,442 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises 3.0% of DMC Group LLC’s investment portfolio, making the stock its 4th biggest holding. DMC Group LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $3,812,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 13,777,629 shares of the company’s stock worth $729,411,000 after acquiring an additional 511,064 shares in the last quarter. Allstate Corp boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the first quarter. Allstate Corp now owns 4,149,335 shares of the company’s stock worth $217,301,000 after acquiring an additional 33,279 shares in the last quarter. Parkside Investments LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.4% in the second quarter. Parkside Investments LLC now owns 1,320,082 shares of the company’s stock worth $69,648,000 after acquiring an additional 275,996 shares in the last quarter. Klaas Financial Asset Advisors LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.3% in the second quarter. Klaas Financial Asset Advisors LLC now owns 962,538 shares of the company’s stock worth $50,784,000 after acquiring an additional 12,310 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 119.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 915,800 shares of the company’s stock worth $47,960,000 after acquiring an additional 498,500 shares in the last quarter. 76.06% of the stock is owned by institutional investors.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $52.94 on Wednesday. The business’s fifty day simple moving average is $52.90 and its two-hundred day simple moving average is $52.51. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.39 and a 12 month high of $53.16.

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

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.1987 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.