Graypoint LLC Purchases 73,473 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Graypoint LLC increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 17.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,651 shares of the company’s stock after purchasing an additional 73,473 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 1.7% of Graypoint LLC’s investment portfolio, making the stock its 14th largest position. Graypoint LLC owned about 0.18% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $26,089,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WestEnd Advisors LLC bought 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. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at $35,000. Olistico Wealth LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at $55,000. Centennial Bank AR acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $66,000. Finally, S.A. Mason LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $92,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IGIB stock opened at $51.87 on Thursday. The firm has a 50-day moving average price of $53.12 and a 200 day moving average price of $52.12. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $48.49 and a 12-month high of $54.10.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1939 per share. 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 a positive change 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.