SouthState Corp Decreases Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

SouthState Corp decreased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 2.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 106,318 shares of the company’s stock after selling 2,353 shares during the quarter. SouthState Corp’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $5,599,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Payden & Rygel Investment Group purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth approximately $90,000. Wellington Wealth Strategies LLC. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $5,925,000. Lazard Asset Management LLC boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% in the 1st quarter. Lazard Asset Management LLC now owns 479,410 shares of the company’s stock worth $24,583,000 after buying an additional 6,883 shares in the last quarter. Fairview Capital Investment Management LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the first quarter. Fairview Capital Investment Management LLC now owns 149,097 shares of the company’s stock worth $7,646,000 after buying an additional 1,175 shares in the last quarter. Finally, SVB Wealth LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.5% in the first quarter. SVB Wealth LLC now owns 361,874 shares of the company’s stock valued at $18,557,000 after buying an additional 15,584 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 0.1 %

Shares of IGSB opened at $51.86 on Tuesday. The company’s fifty day moving average is $52.25 and its two-hundred day moving average is $51.78. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.22 and a fifty-two week high of $52.74.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1836 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.20 annualized dividend and a dividend yield of 4.25%. The ex-dividend date was Friday, November 1st.

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.