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

Davis R M Inc. cut its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,291 shares of the company’s stock after selling 2,839 shares during the quarter. Davis R M Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $3,293,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. WestEnd Advisors LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $25,000. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $35,000. Olistico Wealth LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $55,000. Centennial Bank AR acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $66,000. Finally, S.A. Mason LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth approximately $92,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

NASDAQ:IGIB 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 stock’s fifty day moving average is $52.80 and its two-hundred day moving average is $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. Shareholders of record on Friday, November 1st were given a $0.1939 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.33 dividend on an annualized basis and a yield of 4.47%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.