City of London Investment Management Co. Ltd. Sells 2,992 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

City of London Investment Management Co. Ltd. decreased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 18.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 13,577 shares of the company’s stock after selling 2,992 shares during the period. City of London Investment Management Co. Ltd.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $716,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Money Design Co. Ltd. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 89.3% in the 2nd quarter. Money Design Co. Ltd. now owns 1,266,732 shares of the company’s stock worth $66,833,000 after purchasing an additional 597,669 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.9% during the first quarter. Ameriprise Financial Inc. now owns 13,777,629 shares of the company’s stock valued at $729,411,000 after buying an additional 511,064 shares during the last quarter. Parkside Investments LLC lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.4% in the second quarter. Parkside Investments LLC now owns 1,320,082 shares of the company’s stock valued at $69,648,000 after buying an additional 275,996 shares during the period. Keystone Global Partners LLC lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 108.8% in the second quarter. Keystone Global Partners LLC now owns 520,705 shares of the company’s stock valued at $27,000 after buying an additional 271,286 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth about $7,792,000. 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

IGSB opened at $52.82 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.39 and a 1 year high of $53.18. The stock’s 50 day simple moving average is $53.00 and its 200-day simple moving average is $52.68.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.1971 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.