Peloton Wealth Strategists Sells 774 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB)

Peloton Wealth Strategists cut its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,347 shares of the company’s stock after selling 774 shares during the period. Peloton Wealth Strategists’ holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF were worth $469,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 290.3% during the second quarter. Brown Brothers Harriman & Co. now owns 765 shares of the company’s stock valued at $38,000 after purchasing an additional 569 shares during the period. GoalVest Advisory LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth $47,000. Coppell Advisory Solutions Corp. bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $48,000. Nvwm LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at $51,000. Finally, Tradition Wealth Management LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 19.5% in the first quarter. Tradition Wealth Management LLC now owns 1,334 shares of the company’s stock valued at $67,000 after acquiring an additional 218 shares during the period. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

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

NASDAQ:IGSB remained flat at $50.23 during mid-day trading on Monday. 577,423 shares of the company traded hands, compared to its average volume of 4,192,539. The stock has a 50 day moving average price of $49.79 and a 200 day moving average price of $50.02. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $49.36 and a one year high of $50.83.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Thursday, November 2nd were given a $0.154 dividend. This represents a $1.85 annualized dividend and a yield of 3.68%. The ex-dividend date of this dividend was Wednesday, November 1st. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.14.

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.