BankPlus Trust Department Takes Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

BankPlus Trust Department purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 13,406 shares of the company’s stock, valued at approximately $693,000.

Other institutional investors have also recently added to or reduced their stakes in the company. PSI Advisors LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% during the 4th quarter. PSI Advisors LLC now owns 481 shares of the company’s stock valued at $25,000 after purchasing an additional 206 shares in the last quarter. Kennebec Savings Bank acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $43,000. Fortitude Family Office LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $43,000. Thompson Investment Management Inc. raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 88.4% in the fourth quarter. Thompson Investment Management Inc. now owns 831 shares of the company’s stock valued at $43,000 after acquiring an additional 390 shares in the last quarter. Finally, Bogart Wealth LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 924.0% during the 4th quarter. Bogart Wealth LLC now owns 1,239 shares of the company’s stock valued at $64,000 after acquiring an additional 1,118 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 Trading Up 0.2 %

NASDAQ:IGSB opened at $52.08 on Monday. The stock has a 50-day simple moving average of $51.79 and a 200 day simple moving average of $52.04. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $50.58 and a one year high of $52.74.

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

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1874 dividend. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.18. The ex-dividend date of this dividend was Monday, February 3rd.

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.