Abound Financial LLC Buys Shares of 76,312 iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Abound Financial LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 76,312 shares of the company’s stock, valued at approximately $4,112,000. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises 1.0% of Abound Financial LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $40,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $45,000. MassMutual Private Wealth & Trust FSB boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after acquiring an additional 524 shares during the last quarter. General Partner Inc. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the 4th quarter. General Partner Inc. now owns 2,165 shares of the company’s stock worth $117,000 after acquiring an additional 320 shares during the period. Finally, Piscataqua Savings Bank acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $120,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

IGIB stock opened at $53.08 on Tuesday. The stock has a 50-day moving average price of $53.16 and a 200-day moving average price of $53.62. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $52.38 and a 1-year high of $54.58.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.2162 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Monday, June 1st.

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.