Leavell Investment Management Inc. Increases Stake in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Leavell Investment Management Inc. grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 425,164 shares of the company’s stock after buying an additional 73,653 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF accounts for 1.1% of Leavell Investment Management Inc.’s investment portfolio, making the stock its 14th largest holding. Leavell Investment Management Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $21,981,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. PSI Advisors LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% in 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 in the last quarter. A. D. Beadell Investment Counsel Inc. increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 29,900 shares of the company’s stock valued at $1,545,000 after purchasing an additional 250 shares in the last quarter. West Michigan Advisors LLC increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.4% in the 3rd quarter. West Michigan Advisors LLC now owns 6,371 shares of the company’s stock valued at $335,000 after purchasing an additional 266 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 87,069 shares of the company’s stock valued at $4,585,000 after acquiring an additional 297 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its holdings 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 acquiring an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

NASDAQ:IGSB opened at $51.84 on Wednesday. The firm has a 50-day moving average price of $51.81 and a two-hundred day moving average price of $52.04. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.58 and a twelve month high of $52.74.

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

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1874 per share. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.18. The ex-dividend date was Monday, February 3rd.

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.