Palladiem LLC Makes New $902,000 Investment in iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Palladiem LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,055 shares of the company’s stock, valued at approximately $902,000. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up about 0.9% of Palladiem LLC’s portfolio, making the stock its 19th biggest holding.

Other large investors have also recently made changes to their positions in the company. Aventura Private Wealth LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $34,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $39,000. Harbor Investment Advisory LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after acquiring an additional 500 shares in the last quarter. Kelleher Financial Advisors purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $51,000. Finally, Ares Financial Consulting LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $58,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

IGSB stock opened at $52.14 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $52.12 and a one year high of $53.25. The company’s 50 day moving average price is $52.45 and its two-hundred day moving average price is $52.75.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a dividend of $0.1996 per share. This represents a c) annualized dividend and a dividend yield of 4.6%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, June 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.