DMC Group LLC Has $3.51 Million Stock Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

DMC Group LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,824 shares of the company’s stock after purchasing an additional 2,204 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises 2.7% of DMC Group LLC’s portfolio, making the stock its 6th biggest position. DMC Group LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $3,508,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 59.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 99,673 shares of the company’s stock valued at $5,235,000 after acquiring an additional 37,335 shares during the period. Parallel Advisors LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 26.3% in the 2nd quarter. Parallel Advisors LLC now owns 3,832 shares of the company’s stock valued at $204,000 after acquiring an additional 797 shares during the period. NBC Securities Inc. increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 116,100.0% in the 1st quarter. NBC Securities Inc. now owns 2,324 shares of the company’s stock valued at $122,000 after acquiring an additional 2,322 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1,162.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 543 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Finally, Proathlete Wealth Management LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $40,000. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of NASDAQ:IGIB opened at $54.02 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.52 and a 12-month high of $54.49. The business’s fifty day simple moving average is $53.77 and its 200-day simple moving average is $52.84.

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

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a dividend of $0.2134 per share. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.7%.

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.