Magnolia Private Wealth LLC Invests $316,000 in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Magnolia Private Wealth LLC purchased a new stake 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 (SEC). The institutional investor purchased 6,128 shares of the company’s stock, valued at approximately $316,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. WestEnd Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 780 shares during the period. Centennial Bank AR bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $66,000. General Partner Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $86,000. Finally, S.A. Mason LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $92,000. 76.98% of the stock is currently owned by institutional investors.

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

IGIB stock opened at $52.52 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.90 and a 1 year high of $54.10. The stock’s fifty day moving average is $51.62 and its two-hundred day moving average is $52.42.

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

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

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.