First United Bank & Trust Decreases Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

First United Bank & Trust cut its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 8.1% in the first quarter, HoldingsChannel.com reports. The fund owned 7,572 shares of the company’s stock after selling 664 shares during the period. First United Bank & Trust’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in IGSB. Sumitomo Mitsui Trust Group Inc. lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 16.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 417,300 shares of the company’s stock valued at $21,574,000 after acquiring an additional 60,177 shares during the period. Gradient Capital Advisors LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.7% in the fourth quarter. Gradient Capital Advisors LLC now owns 77,652 shares of the company’s stock worth $4,015,000 after buying an additional 13,298 shares during the last quarter. Leavell Investment Management Inc. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 21.0% during the fourth quarter. Leavell Investment Management Inc. now owns 425,164 shares of the company’s stock valued at $21,981,000 after buying an additional 73,653 shares during the period. Bogart Wealth LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 924.0% during the fourth quarter. Bogart Wealth LLC now owns 1,239 shares of the company’s stock valued at $64,000 after buying an additional 1,118 shares during the last quarter. Finally, White Pine Capital LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.1% in the fourth quarter. White Pine Capital LLC now owns 20,699 shares of the company’s stock worth $1,070,000 after acquiring an additional 222 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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

Shares of IGSB stock opened at $52.31 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.00 and a 1 year high of $52.74. The firm has a fifty day moving average price of $52.16 and a 200-day moving average price of $52.03.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were paid a $0.1942 dividend. This represents a $2.33 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Monday, June 2nd.

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.