Janney Montgomery Scott LLC Boosts Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Janney Montgomery Scott LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 35.2% in the third quarter, Holdings Channel reports. The institutional investor owned 586,741 shares of the company’s stock after buying an additional 152,711 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $31,520,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. City State Bank grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 32.5% during the 3rd quarter. City State Bank now owns 79,355 shares of the company’s stock valued at $4,263,000 after buying an additional 19,475 shares in the last quarter. Mittelman Wealth Management grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% during the second quarter. Mittelman Wealth Management now owns 188,175 shares of the company’s stock worth $9,646,000 after purchasing an additional 9,522 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth about $154,000. Asio Capital LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.6% during the third quarter. Asio Capital LLC now owns 219,767 shares of the company’s stock worth $11,806,000 after purchasing an additional 5,531 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 93.4% during the second quarter. Arkadios Wealth Advisors now owns 8,492 shares of the company’s stock worth $435,000 after purchasing an additional 4,101 shares in the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

Shares of NASDAQ IGIB opened at $52.10 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $48.44 and a 12 month high of $54.10. The business has a 50-day moving average of $53.17 and a 200-day moving average of $52.11.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.1939 per share. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.33 annualized dividend and a dividend yield of 4.47%.

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.