Montecito Bank & Trust Takes Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

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

Several other hedge funds have also recently bought and sold shares of IGIB. Graypoint LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.8% in the third quarter. Graypoint LLC now owns 485,651 shares of the company’s stock valued at $26,089,000 after buying an additional 73,473 shares during the period. Centennial Bank AR acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $66,000. Janney Montgomery Scott LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 586,741 shares of the company’s stock worth $31,520,000 after purchasing an additional 152,711 shares in the last quarter. S.A. Mason LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at about $92,000. Finally, WestEnd Advisors LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $25,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

NASDAQ:IGIB opened at $51.87 on Thursday. 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. The business has a 50 day moving average price of $53.12 and a two-hundred day moving average price of $52.12.

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

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

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.