Davis R M Inc. Has $7.67 Million Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Davis R M Inc. lowered its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,425 shares of the company’s stock after selling 11,240 shares during the period. Davis R M Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $7,674,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Asset Management Inc. increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.4% in the third quarter. Eagle Asset Management Inc. now owns 14,149 shares of the company’s stock valued at $735,000 after purchasing an additional 721 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.6% in the fourth quarter. First Horizon Advisors Inc. now owns 15,060 shares of the company’s stock valued at $779,000 after purchasing an additional 1,923 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 81.7% in the fourth quarter. Jones Financial Companies Lllp now owns 14,879 shares of the company’s stock valued at $769,000 after purchasing an additional 6,690 shares in the last quarter. Greenwood Gearhart Inc. increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% in the third quarter. Greenwood Gearhart Inc. now owns 650,428 shares of the company’s stock valued at $34,252,000 after purchasing an additional 16,987 shares in the last quarter. Finally, Haverford Trust Co increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the third quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock valued at $101,743,000 after purchasing an additional 47,794 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 Price Performance

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $52.20 on Tuesday. The firm has a 50 day simple moving average of $51.91 and a 200 day simple moving average of $52.05. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.58 and a fifty-two week high of $52.74.

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

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1867 per share. The ex-dividend date was Monday, March 3rd.

iShares 1-5 Year Investment Grade Corporate Bond ETF 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.