Mascoma Wealth Management LLC Reduces Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Mascoma Wealth Management LLC lowered its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 24.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,142 shares of the company’s stock after selling 3,014 shares during the quarter. Mascoma Wealth Management LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $481,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Parkside Investments LLC increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.0% during 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 during the period. Zions Bancorporation N.A. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter worth $154,000. Lazard Asset Management LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% in the first 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 during the last quarter. Family Firm Inc. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter worth $49,000. Finally, Waterloo Capital L.P. raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 40.3% in the second quarter. Waterloo Capital L.P. now owns 10,577 shares of the company’s stock worth $542,000 after buying an additional 3,040 shares during the last quarter. Institutional investors 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 $51.91 on Tuesday. The firm has a fifty day moving average price of $52.30 and a 200 day moving average price of $51.75. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.81 and a 1 year high of $52.74.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1836 dividend. This is a boost 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 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.