Fifth Third Securities Inc. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 121,641 shares of the company’s stock, valued at approximately $6,125,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IGIB. Root Financial Partners LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% in the 1st quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock valued at $108,000 after buying an additional 272 shares during the period. Archer Investment Corp grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after buying an additional 446 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,947 shares of the company’s stock worth $475,000 after acquiring an additional 495 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 12,375 shares of the company’s stock worth $659,000 after buying an additional 520 shares during the last quarter. Finally, Nvwm LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.
iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.0%
iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded up $0.01 during midday trading on Wednesday, hitting $50.67. 1,965,028 shares of the company’s stock were exchanged, compared to its average volume of 3,046,041. 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 firm’s 50 day simple moving average is $51.32 and its 200 day simple moving average is $52.37.
iShares 5-10 Year Investment Grade Corporate Bond ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2206 per share. This represents a $2.65 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Thursday, October 1st. This is a decrease from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2219.
About iShares 5-10 Year Investment Grade Corporate Bond ETF
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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