iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Position Increased by Hilton Capital Management LLC

Hilton Capital Management LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 4.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 173,323 shares of the company’s stock after acquiring an additional 6,946 shares during the period. Hilton Capital Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $9,127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Confluence Investment Management LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.0% during the second quarter. Confluence Investment Management LLC now owns 353,734 shares of the company’s stock worth $18,125,000 after purchasing an additional 250,610 shares during the period. Summit Financial LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 732.8% during the second quarter. Summit Financial LLC now owns 149,574 shares of the company’s stock valued at $7,664,000 after buying an additional 131,614 shares in the last quarter. Wellington Wealth Strategies LLC. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter worth about $5,925,000. Captrust Financial Advisors increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.6% in the first quarter. Captrust Financial Advisors now owns 2,099,769 shares of the company’s stock worth $106,671,000 after acquiring an additional 92,461 shares in the last quarter. Finally, Parkside Investments LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.0% in the second quarter. Parkside Investments LLC now owns 695,665 shares of the company’s stock worth $35,646,000 after acquiring an additional 90,930 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 Stock Up 0.0 %

iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $51.88 on Wednesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $50.22 and a 52 week high of $52.74. The company has a 50 day moving average price of $52.23 and a 200 day moving average price of $51.79.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1836 dividend. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.25%.

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.