RiverFront Investment Group LLC Buys 929,944 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

RiverFront Investment Group LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 212.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,368,310 shares of the company’s stock after acquiring an additional 929,944 shares during the period. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for about 1.2% of RiverFront Investment Group LLC’s portfolio, making the stock its 29th biggest position. RiverFront Investment Group LLC owned about 0.33% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $72,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Aventura Private Wealth LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $34,000. Root Financial Partners LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $39,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $39,000. Harbor Investment Advisory LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after purchasing an additional 500 shares in the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $51,000. Institutional investors own 76.06% of the company’s stock.

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

Shares of IGSB stock opened at $52.25 on Monday. The stock’s fifty day moving average price is $52.53 and its two-hundred day moving average price is $52.81. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $52.12 and a fifty-two week high of $53.25.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.1978 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 1st.

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.