NBT Bank N.A. Makes New $12.19 Million Investment in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

NBT Bank N.A. bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the third quarter, Holdings Channel.com reports. The fund bought 237,962 shares of the company’s stock, valued at approximately $12,191,000.

Several other large investors have also recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% during the 1st quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock valued at $34,451,000 after purchasing an additional 369,284 shares during the last quarter. Bank of New York Mellon Corp grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 17.2% in the 1st quarter. Bank of New York Mellon Corp now owns 519,996 shares of the company’s stock worth $27,331,000 after purchasing an additional 76,230 shares during the last quarter. Strategic Investment Advisors MI grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.1% in the 1st quarter. Strategic Investment Advisors MI now owns 433,264 shares of the company’s stock worth $22,774,000 after purchasing an additional 75,616 shares during the last quarter. Monograph Wealth Advisors LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% during the 1st quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock worth $33,459,000 after purchasing an additional 71,550 shares during the period. Finally, Miller Global Investments LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $2,727,000. 76.06% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

NASDAQ:IGSB opened at $51.52 on Friday. The firm’s 50-day moving average is $51.60 and its 200-day moving average is $52.07. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.97 and a 52-week high of $53.25.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.2037 per share. This represents a $2.44 dividend on an annualized basis and a yield of 4.7%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2020. The ex-dividend date of this dividend was Thursday, October 1st.

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.