Bank of New York Mellon Corp Has $102.51 Million Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Bank of New York Mellon Corp raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 79.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,923,610 shares of the company’s stock after acquiring an additional 853,759 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $102,509,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. WestEnd Advisors LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $28,000. Arkadios Wealth Advisors raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 7.1% in the 2nd quarter. Arkadios Wealth Advisors now owns 8,928 shares of the company’s stock valued at $476,000 after acquiring an additional 595 shares in the last quarter. NewEdge Advisors LLC raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.5% in the 1st quarter. NewEdge Advisors LLC now owns 138,642 shares of the company’s stock valued at $7,281,000 after acquiring an additional 696 shares in the last quarter. Proathlete Wealth Management LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $40,000. Finally, Parallel Advisors LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 26.3% during the 2nd quarter. Parallel Advisors LLC now owns 3,832 shares of the company’s stock worth $204,000 after purchasing an additional 797 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

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

IGIB opened at $53.89 on Friday. The stock’s 50 day simple moving average is $54.10 and its 200-day simple moving average is $53.20. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.52 and a 1 year high of $54.56.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.2113 per share. The ex-dividend date was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.