iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Shares Sold by Davis R M Inc.

Davis R M Inc. reduced its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 4.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,291 shares of the company’s stock after selling 2,839 shares during the period. Davis R M Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $3,293,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Transcend Capital Advisors LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 10,119 shares of the company’s stock valued at $519,000 after acquiring an additional 279 shares during the period. Vicus Capital boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% in the third quarter. Vicus Capital now owns 12,705 shares of the company’s stock valued at $683,000 after purchasing an additional 387 shares during the period. WestEnd Advisors LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $25,000. 1620 Investment Advisors Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $35,000. Finally, Rebalance LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% during the 3rd quarter. Rebalance LLC now owns 170,103 shares of the company’s stock worth $9,138,000 after buying an additional 942 shares in the last quarter. 76.98% of the stock is owned by institutional investors and hedge funds.

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

Shares of IGIB stock opened at $52.02 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.65 and a 52 week high of $54.10. The firm has a 50 day moving average of $52.80 and a two-hundred day moving average of $52.27.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1939 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.33 dividend on an annualized basis and a yield of 4.47%.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.