Bank of New York Mellon Corp Trims Stock Position in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Bank of New York Mellon Corp lessened its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 453,371 shares of the company’s stock after selling 185,341 shares during the quarter. Bank of New York Mellon Corp owned about 0.11% of iShares 1-5 Year Investment Grade Corporate Bond ETF worth $23,439,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BankPlus Trust Department purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $693,000. Rothschild Investment LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the fourth quarter. Rothschild Investment LLC now owns 30,450 shares of the company’s stock valued at $1,574,000 after purchasing an additional 229 shares during the period. First Horizon Advisors Inc. raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 14.6% in the fourth quarter. First Horizon Advisors Inc. now owns 15,060 shares of the company’s stock valued at $779,000 after purchasing an additional 1,923 shares during the period. Cooksen Wealth LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.6% in the fourth quarter. Cooksen Wealth LLC now owns 31,687 shares of the company’s stock valued at $1,638,000 after purchasing an additional 197 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.1% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,192 shares of the company’s stock valued at $268,000 after purchasing an additional 389 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 NASDAQ IGSB opened at $52.11 on Monday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.58 and a 52-week high of $52.74. The business’s 50 day moving average is $51.90 and its two-hundred day moving average is $52.05.

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

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1867 dividend. The ex-dividend date was 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.