Burke & Herbert Bank & Trust Co. Buys 21,155 Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF $IGSB

Burke & Herbert Bank & Trust Co. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,155 shares of the company’s stock, valued at approximately $1,084,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Holos Integrated Wealth LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $37,000. Valley Wealth Managers Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $65,000. Cornerstone Planning Group LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% in the first quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock valued at $67,000 after buying an additional 901 shares during the period. Main Street Group LTD bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter valued at about $105,000. Finally, Highland Investment Advisors LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $141,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.04 during midday trading on Friday, hitting $51.57. The company’s stock had a trading volume of 2,760,028 shares, compared to its average volume of 3,663,972. The stock’s 50-day moving average price is $51.46 and its 200-day moving average price is $52.23. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.97 and a 12 month high of $53.25.

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

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.2043 dividend. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2037. The ex-dividend date was Monday, November 2nd. This represents a $2.45 annualized dividend and a dividend yield of 4.8%.

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.