37,167 Shares in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Purchased by Montecito Bank & Trust

Montecito Bank & Trust purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,167 shares of the company’s stock, valued at approximately $1,997,000.

Other institutional investors have also recently made changes to their positions in the company. WestEnd Advisors LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at $25,000. 1620 Investment Advisors Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth $35,000. Olistico Wealth LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $55,000. Centennial Bank AR bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $66,000. Finally, S.A. Mason LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $92,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.7 %

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $51.87 on Thursday. The company has a 50-day simple moving average of $53.12 and a two-hundred day simple moving average of $52.12. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $48.49 and a twelve month high of $54.10.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.1939 dividend. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.33 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Friday, November 1st.

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.