Sanford Advisory Services LLC decreased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) by 34.2% in the 4th quarter, Holdings Channel reports. The firm owned 10,538 shares of the company's stock after selling 5,485 shares during the quarter. Sanford Advisory Services LLC's holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $522,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 41.5% in the 3rd quarter. US Bancorp DE now owns 2,971,167 shares of the company's stock valued at $143,448,000 after purchasing an additional 871,057 shares during the period. Connectus Wealth LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 42.1% in the 3rd quarter. Connectus Wealth LLC now owns 985,951 shares of the company's stock worth $47,635,000 after purchasing an additional 292,275 shares in the last quarter. Greenwood Gearhart Inc. boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 44.0% in the 3rd quarter. Greenwood Gearhart Inc. now owns 734,808 shares of the company's stock valued at $35,477,000 after purchasing an additional 224,646 shares during the period. One Capital Management LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.7% in the third quarter. One Capital Management LLC now owns 841,716 shares of the company's stock worth $40,638,000 after purchasing an additional 132,332 shares during the period. Finally, KLK Capital Management LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $6,324,000. 77.04% of the stock is owned by institutional investors and hedge funds.
Get iShares 5-10 Year Investment Grade Corporate Bond ETF alerts:iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance
iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded up $0.09 during midday trading on Wednesday, hitting $51.32. 212,372 shares of the company's stock were exchanged, compared to its average volume of 1,869,595. The stock has a 50-day moving average price of $51.24 and a two-hundred day moving average price of $50.81. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $46.81 and a 52-week high of $53.11.
iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 5th. Investors of record on Tuesday, May 2nd will be paid a $0.16 dividend. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF's previous monthly dividend of $0.16. This represents a $1.92 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date is Monday, May 1st.
iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile
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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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