FDx Advisors Inc. Makes New $2.24 Million Investment in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

FDx Advisors Inc. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 44,564 shares of the company’s stock, valued at approximately $2,244,000.

Several other large investors have also recently made changes to their positions in the business. RMG Wealth Management LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth $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% in the first quarter. Bank of New York Mellon Corp now owns 948,447 shares of the company’s stock valued at $50,476,000 after acquiring an additional 46,214 shares during the last quarter. Madison Asset Management LLC boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% in the first 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 grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 28.1% during the 3rd quarter. CoreCap Advisors LLC now owns 234,396 shares of the company’s stock valued at $11,802,000 after acquiring an additional 51,368 shares during the period. Finally, Mittelman Wealth Management grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% during the 1st quarter. Mittelman Wealth Management now owns 213,856 shares of the company’s stock valued at $11,381,000 after acquiring an additional 17,623 shares during the period. 76.98% of the stock is owned by hedge funds and other institutional investors.

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

Shares of IGIB traded down $0.07 during mid-day trading on Friday, hitting $50.57. The stock had a trading volume of 2,327,242 shares, compared to its average volume of 3,096,160. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.94 and a 52 week high of $54.58. The business has a fifty day moving average price of $50.91 and a 200-day moving average price of $52.55.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.2207 dividend. The ex-dividend date was Monday, November 2nd. This represents a $2.65 dividend on an annualized basis and a yield of 5.2%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2206.

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.