55,380 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB Bought by New South Capital Management Inc.

New South Capital Management Inc. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 55,380 shares of the company’s stock, valued at approximately $2,837,000.

Other large investors have also bought and sold shares of the company. GreatBanc Trust CO bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $581,000. Parallel Advisors LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 71.7% during the third quarter. Parallel Advisors LLC now owns 1,177,870 shares of the company’s stock valued at $60,342,000 after purchasing an additional 491,778 shares during the period. Burke & Herbert Bank & Trust Co. bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth approximately $1,084,000. DMC Group LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.6% in the third quarter. DMC Group LLC now owns 79,344 shares of the company’s stock worth $4,065,000 after purchasing an additional 2,048 shares during the last quarter. Finally, Plimoth Trust Co. LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.6% in the third quarter. Plimoth Trust Co. LLC now owns 5,877 shares of the company’s stock worth $301,000 after purchasing an additional 750 shares during the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.0%

Shares of NASDAQ IGSB opened at $51.38 on Thursday. 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. The firm’s fifty day moving average is $51.43 and its 200 day moving average is $52.21.

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

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a $0.2043 dividend. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2037. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $2.45 dividend on an annualized basis and a yield of 4.8%.

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.