Janney Montgomery Scott LLC Trims Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Janney Montgomery Scott LLC lowered its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 649,770 shares of the company’s stock after selling 47,503 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $33,593,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IGSB. Marshall Wace LLP grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 57.1% during the second quarter. Marshall Wace LLP now owns 219,900 shares of the company’s stock worth $11,268,000 after purchasing an additional 79,900 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 30.7% during the second quarter. Sunbelt Securities Inc. now owns 6,385 shares of the company’s stock worth $327,000 after purchasing an additional 1,498 shares in the last quarter. Lazari Capital Management Inc. purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth about $409,000. Burns J W & Co. Inc. NY grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the third quarter. Burns J W & Co. Inc. NY now owns 52,367 shares of the company’s stock worth $2,758,000 after purchasing an additional 415 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $104,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.0 %

NASDAQ:IGSB opened at $51.83 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.58 and a 12-month high of $52.74. The stock has a 50-day moving average price of $51.81 and a 200 day moving average price of $52.00.

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

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.181 per share. This represents a $2.17 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Wednesday, December 18th.

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.