Seven Mile Advisory Makes New Investment in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Seven Mile Advisory bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) in the 3rd quarter, Holdings Channel.com reports. The firm bought 101,462 shares of the company’s stock, valued at approximately $5,381,000.

A number of other large investors have also modified their holdings of the stock. Allstate Corp raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 41.0% during the 3rd quarter. Allstate Corp now owns 6,864,741 shares of the company’s stock valued at $364,037,000 after buying an additional 1,997,065 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,466,237 shares of the company’s stock worth $183,815,000 after acquiring an additional 586,487 shares during the period. Parkside Investments LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 18.6% in the 3rd quarter. Parkside Investments LLC now owns 1,565,336 shares of the company’s stock worth $83,010,000 after acquiring an additional 245,254 shares during the period. Captrust Financial Advisors grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.8% in the second quarter. Captrust Financial Advisors now owns 4,205,973 shares of the company’s stock valued at $221,907,000 after acquiring an additional 230,312 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 438.8% in the second quarter. Rothschild Investment LLC now owns 178,824 shares of the company’s stock valued at $9,435,000 after acquiring an additional 145,634 shares in 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 Trading Down 0.4%

IGSB opened at $52.50 on Friday. The firm’s 50 day moving average is $52.97 and its 200-day moving average is $52.96. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.49 and a 52-week high of $53.25.

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

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1972 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

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.