iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Stock: Prime Capital Investment Advisors LLC Reduces Stake

Prime Capital Investment Advisors LLC trimmed its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 19.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 108,649 shares of the company’s stock after selling 26,578 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $5,470,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Root Financial Partners LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% during the first quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock worth $108,000 after buying an additional 272 shares during the period. Archer Investment Corp increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after acquiring an additional 446 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 8,947 shares of the company’s stock valued at $475,000 after acquiring an additional 495 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 12,375 shares of the company’s stock worth $659,000 after acquiring an additional 520 shares in the last quarter. Finally, Nvwm LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $27,000. Institutional investors own 76.98% of the company’s stock.

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

Shares of NASDAQ IGIB opened at $50.66 on Wednesday. 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 business has a fifty day moving average price of $51.32 and a 200 day moving average price of $52.37.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.2206 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change 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 yield of 5.2%.

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.