Sumitomo Mitsui Trust Group Inc. Has $31.64 Million Stock Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Sumitomo Mitsui Trust Group Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 81.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 585,000 shares of the company’s stock after purchasing an additional 262,000 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.19% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $31,643,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Horizon Corp acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth about $546,000. Vicus Capital boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.3% in the 3rd quarter. Vicus Capital now owns 17,507 shares of the company’s stock worth $947,000 after purchasing an additional 1,635 shares during the period. CoreCap Advisors LLC boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.7% in the 3rd quarter. CoreCap Advisors LLC now owns 93,628 shares of the company’s stock worth $5,064,000 after purchasing an additional 3,344 shares during the period. JARISLOWSKY FRASER Ltd grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 61.2% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 89,421 shares of the company’s stock worth $4,837,000 after purchasing an additional 33,946 shares in the last quarter. Finally, ETF Portfolio Partners Inc. raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% during the 3rd quarter. ETF Portfolio Partners Inc. now owns 27,384 shares of the company’s stock valued at $1,481,000 after purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

IGIB opened at $53.90 on Friday. The stock has a fifty day moving average of $53.98 and a 200-day moving average of $53.78. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.52 and a 12-month high of $54.56.

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

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a dividend of $0.2118 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

iShares 5-10 Year Investment Grade Corporate Bond ETF Profile

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.