MFA Wealth Advisors LLC Acquires New Shares in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

MFA Wealth Advisors LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 289,612 shares of the company’s stock, valued at approximately $14,918,000. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 3.8% of MFA Wealth Advisors LLC’s investment portfolio, making the stock its 8th largest holding. MFA Wealth Advisors LLC owned about 0.10% of iShares 5-10 Year Investment Grade Corporate Bond ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after buying an additional 1,399,131 shares during the last quarter. Klaas Financial Asset Advisors LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 1,513,256 shares of the company’s stock worth $77,948,000 after purchasing an additional 9,126 shares in the last quarter. Haverford Trust Co increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% during the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock worth $60,936,000 after buying an additional 37,657 shares during the last quarter. Greenwood Gearhart Inc. raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.2% during the third quarter. Greenwood Gearhart Inc. now owns 1,101,013 shares of the company’s stock valued at $59,146,000 after buying an additional 63,989 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.8% in the third quarter. TD Private Client Wealth LLC now owns 808,098 shares of the company’s stock worth $43,411,000 after buying an additional 91,761 shares during the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

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

Shares of IGIB stock opened at $51.79 on Monday. The stock’s 50 day simple moving average is $51.75 and its 200 day simple moving average is $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.90 and a twelve month high of $54.10.

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

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.198 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.