Princeton Global Asset Management LLC Grows Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Princeton Global Asset Management LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 47,599 shares of the company’s stock after purchasing an additional 951 shares during the period. Princeton Global Asset Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $2,461,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock worth $144,672,000 after purchasing an additional 574,897 shares during the period. Haverford Trust Co boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock valued at $101,743,000 after acquiring an additional 47,794 shares in the last quarter. Money Design Co. Ltd. boosted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.5% during the 4th quarter. Money Design Co. Ltd. now owns 1,228,263 shares of the company’s stock valued at $63,501,000 after acquiring an additional 64,258 shares in the last quarter. Klaas Financial Asset Advisors LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.1% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 946,236 shares of the company’s stock worth $48,920,000 after acquiring an additional 10,591 shares during the period. Finally, Parkside Investments LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.3% in the 4th quarter. Parkside Investments LLC now owns 797,148 shares of the company’s stock worth $41,213,000 after acquiring an additional 54,503 shares in the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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

NASDAQ IGSB opened at $52.02 on Monday. The stock’s 50 day moving average is $51.83 and its 200 day moving average is $52.02. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.58 and a twelve month high of $52.74.

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

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.181 per share. This represents a $2.17 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Wednesday, December 18th.

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.