JPMorgan Chase & Co. Sells 765,402 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

JPMorgan Chase & Co. lessened its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 20.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,944,530 shares of the company’s stock after selling 765,402 shares during the period. JPMorgan Chase & Co.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $155,059,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $29,000. Kennebec Savings Bank bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $43,000. Future Financial Wealth Managment LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $104,000. First PREMIER Bank increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% during the third quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock worth $112,000 after acquiring an additional 1,575 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $116,000. 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

NASDAQ:IGSB opened at $51.70 on Wednesday. The business has a 50 day simple moving average of $51.89 and a 200-day simple moving average of $51.95. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.58 and a 1 year high of $52.74.

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

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.181 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $2.17 dividend on an annualized basis and a yield of 4.20%.

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.