Prime Capital Investment Advisors LLC Trims Stock Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Prime Capital Investment Advisors LLC trimmed its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,377 shares of the company’s stock after selling 6,271 shares during the period. Prime Capital Investment Advisors LLC owned about 0.08% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $11,516,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IGIB. WestEnd Advisors LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $25,000. 1620 Investment Advisors Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $35,000. Olistico Wealth LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $55,000. Centennial Bank AR purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $66,000. Finally, S.A. Mason LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $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 Stock Down 0.2 %

NASDAQ IGIB traded down $0.13 during mid-day trading on Tuesday, reaching $52.18. 100,229 shares of the stock were exchanged, compared to its average volume of 1,936,282. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $48.49 and a 1-year high of $54.10. The business’s fifty day simple moving average is $53.07 and its 200 day simple moving average is $52.18.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a $0.1939 dividend. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.33 annualized dividend and a yield of 4.46%.

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.