Arkansas Financial Group Inc. Trims Stock Holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Arkansas Financial Group Inc. lessened its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 0.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 884,206 shares of the company’s stock after selling 3,196 shares during the quarter. iShares 1-5 Year Investment Grade Corporate Bond ETF makes up 8.9% of Arkansas Financial Group Inc.’s portfolio, making the stock its 3rd largest holding. Arkansas Financial Group Inc.’s holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $44,361,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IGSB. Tsfg LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.2% in the second quarter. Tsfg LLC now owns 1,788 shares of the company’s stock valued at $90,000 after buying an additional 300 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 36.3% during the 1st quarter. Ameriprise Financial Inc. now owns 10,783,744 shares of the company’s stock valued at $544,708,000 after purchasing an additional 2,873,170 shares during the period. American Trust grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 16.5% in the 1st quarter. American Trust now owns 7,224 shares of the company’s stock worth $292,000 after purchasing an additional 1,021 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at approximately $315,000. Finally, Colony Group LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.3% during the first quarter. Colony Group LLC now owns 466,657 shares of the company’s stock valued at $23,585,000 after buying an additional 14,952 shares during the last quarter. Institutional investors own 74.81% of the company’s stock.

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

Shares of NASDAQ IGSB traded down $0.02 during midday trading on Friday, hitting $49.95. 2,836,284 shares of the company’s stock were exchanged, compared to its average volume of 4,129,299. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $48.62 and a twelve month high of $50.83. The stock’s 50 day moving average price is $50.08 and its 200-day moving average price is $50.28.

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

The firm also recently declared a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, September 5th were paid a $0.1474 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $1.77 annualized dividend and a dividend yield of 3.54%.

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.