iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 14.2% during the fourth quarter, HoldingsChannel reports. The fund owned 500,398 shares of the company’s stock after buying an additional 62,359 shares during the period. Baird Financial Group Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $25,776,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in IGIB. TD Private Client Wealth LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 38.3% in the 4th quarter. TD Private Client Wealth LLC now owns 1,117,851 shares of the company’s stock valued at $57,580,000 after purchasing an additional 309,753 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $14,918,000. Syon Capital LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $13,463,000. Greenwood Gearhart Inc. boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 20.8% during the fourth quarter. Greenwood Gearhart Inc. now owns 1,329,506 shares of the company’s stock worth $68,483,000 after buying an additional 228,493 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 13.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,799,643 shares of the company’s stock valued at $92,700,000 after acquiring an additional 219,961 shares during the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IGIB stock opened at $51.97 on Tuesday. The firm’s 50 day moving average price is $52.11 and its 200-day moving average price is $52.00. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $50.52 and a one year high of $54.10.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.2025 per share. This represents a $2.43 dividend on an annualized basis and a yield of 4.67%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend is Thursday, May 1st.

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.