Schechter Investment Advisors LLC Trims Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Schechter Investment Advisors LLC decreased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,594 shares of the company’s stock after selling 1,420 shares during the period. Schechter Investment Advisors LLC’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of IGSB. PSI Advisors LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% during the 4th quarter. PSI Advisors LLC now owns 481 shares of the company’s stock valued at $25,000 after purchasing an additional 206 shares during the period. SBI Securities Co. Ltd. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $36,000. Kennebec Savings Bank bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $43,000. Fortitude Family Office LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $43,000. Finally, Thompson Investment Management Inc. raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 88.4% during the 4th quarter. Thompson Investment Management Inc. now owns 831 shares of the company’s stock valued at $43,000 after purchasing an additional 390 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of IGSB opened at $52.20 on Wednesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.58 and a 12-month high of $52.74. The business’s 50 day moving average is $51.87 and its 200 day moving average is $52.05.

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

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be paid a $0.1867 dividend. The ex-dividend date is Monday, March 3rd.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company 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.