121,641 Shares in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Acquired by Fifth Third Securities Inc.

Fifth Third Securities Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 121,641 shares of the company’s stock, valued at approximately $6,125,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IGIB. RMG Wealth Management LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at $57,452,000. Bank of New York Mellon Corp boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 948,447 shares of the company’s stock worth $50,476,000 after buying an additional 46,214 shares during the period. Madison Asset Management LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% in the 1st quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock valued at $21,337,000 after acquiring an additional 154,955 shares during the last quarter. CoreCap Advisors LLC increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 28.1% during the third quarter. CoreCap Advisors LLC now owns 234,396 shares of the company’s stock valued at $11,802,000 after buying an additional 51,368 shares during the period. Finally, Mittelman Wealth Management boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the 1st quarter. Mittelman Wealth Management now owns 213,856 shares of the company’s stock worth $11,381,000 after purchasing an additional 17,623 shares in the last quarter. 76.98% of the stock is owned by institutional investors.

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

NASDAQ IGIB traded up $0.01 on Wednesday, hitting $50.67. 1,965,028 shares of the company’s stock traded hands, compared to its average volume of 3,046,041. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.94 and a 1-year high of $54.58. The firm’s 50-day moving average price is $51.32 and its two-hundred day moving average price is $52.37.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a dividend of $0.2206 per share. This is a decrease from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2219. This represents a $2.65 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Thursday, October 1st.

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.