Money Design Co. Ltd. Purchases 597,669 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Money Design Co. Ltd. lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 89.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,266,732 shares of the company’s stock after buying an additional 597,669 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF comprises 3.1% of Money Design Co. Ltd.’s portfolio, making the stock its 11th largest holding. Money Design Co. Ltd.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $66,833,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Private Wealth Asset Management LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $46,000. Valley Wealth Managers Inc. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 64.6% during the first quarter. Valley Wealth Managers Inc. now owns 1,236 shares of the company’s stock valued at $65,000 after buying an additional 485 shares during the last quarter. Olde Wealth Management LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter valued at approximately $68,000. Finally, Wayfinding Financial LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter valued at approximately $84,000. 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 0.1%

Shares of IGSB stock opened at $53.11 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.39 and a 12 month high of $53.17. The company has a 50 day simple moving average of $52.98 and a two-hundred day simple moving average of $52.58.

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

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.1987 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Wednesday, October 1st.

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.