Parkside Investments LLC Buys 8,495 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Parkside Investments LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 194,695 shares of the company’s stock after acquiring an additional 8,495 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for 1.9% of Parkside Investments LLC’s portfolio, making the stock its 15th largest position. Parkside Investments LLC owned 0.10% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $9,639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in IGIB. City Holding Co. raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 373.8% in the 3rd quarter. City Holding Co. now owns 777 shares of the company’s stock worth $38,000 after acquiring an additional 613 shares in the last quarter. Private Trust Co. NA bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth $42,000. Almanack Investment Partners LLC. bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $195,000. SVB Wealth LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 559.4% in the 2nd quarter. SVB Wealth LLC now owns 4,161 shares of the company’s stock worth $212,000 after acquiring an additional 3,530 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 82.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the company’s stock worth $227,000 after acquiring an additional 1,871 shares in the last quarter. 77.04% of the stock is owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.6 %

Shares of NASDAQ:IGIB opened at $50.60 on Friday. The business’s 50-day moving average is $50.65 and its 200 day moving average is $49.76. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $46.81 and a 1 year high of $55.41.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were given a dividend of $0.154 per share. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15. This represents a $1.85 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Wednesday, March 1st.

iShares 5-10 Year Investment Grade Corporate Bond ETF Profile

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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.