Payden & Rygel Investment Group Takes Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Payden & Rygel Investment Group purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the first quarter, Holdings Channel.com reports. The fund purchased 1,747 shares of the company’s stock, valued at approximately $90,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IGSB. Kingswood Wealth Advisors LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 39.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 9,177 shares of the company’s stock worth $471,000 after acquiring an additional 2,612 shares during the period. Fiduciary Alliance LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $255,000. IFG Advisory LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.2% in the 4th quarter. IFG Advisory LLC now owns 17,103 shares of the company’s stock worth $877,000 after buying an additional 1,588 shares during the last quarter. Life Planning Partners Inc purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $111,000. Finally, Princeton Global Asset Management LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 40,590 shares of the company’s stock valued at $2,081,000 after acquiring an additional 1,035 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 Stock Performance

Shares of NASDAQ IGSB traded up $0.03 during midday trading on Thursday, hitting $51.59. The stock had a trading volume of 1,515,796 shares, compared to its average volume of 2,798,144. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.36 and a 1 year high of $51.73. The stock has a 50 day simple moving average of $51.26 and a 200-day simple moving average of $51.14.

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

The firm also recently announced a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a dividend of $0.1788 per share. The ex-dividend date was Monday, July 1st. This represents a $2.15 annualized dividend and a yield of 4.16%.

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.