iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Shares Newly Purchased by Montecito Bank & Trust

Montecito Bank & Trust purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,050 shares of the company’s stock, valued at approximately $2,017,000.

Other hedge funds also recently modified their holdings of the company. Archer Investment Corp lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after purchasing an additional 446 shares in the last quarter. Rothschild Investment LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $40,000. Strive Financial Group LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $43,000. Nalls Sherbakoff Group LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $89,000. Finally, Root Financial Partners LLC raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% during the 1st quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock worth $108,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

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iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

IGIB traded down $0.10 during trading on Thursday, reaching $50.25. The company had a trading volume of 6,361,209 shares, compared to its average volume of 2,990,655. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.94 and a 12 month high of $54.58. The business’s fifty day moving average price is $51.83 and its 200 day moving average price is $52.63.

iShares 5-10 Year Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be issued a dividend of $0.2206 per share. The ex-dividend date is Thursday, October 1st. This is a negative change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2219. This represents a $2.65 dividend on an annualized basis and a dividend yield of 5.3%.

iShares 5-10 Year Investment Grade Corporate Bond ETF Profile

(Free Report)

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.

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