Janney Montgomery Scott LLC Cuts Stock Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Janney Montgomery Scott LLC lessened its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 731,611 shares of the company’s stock after selling 44,066 shares during the quarter. Janney Montgomery Scott LLC owned about 0.22% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $38,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IGIB. Rossby Financial LCC boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% in the fourth quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock valued at $282,000 after acquiring an additional 287 shares in the last quarter. General Partner Inc. increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the fourth quarter. General Partner Inc. now owns 2,165 shares of the company’s stock worth $117,000 after purchasing an additional 320 shares in the last quarter. Diversified Portfolios Inc. increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% during the fourth quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock worth $1,294,000 after purchasing an additional 380 shares in the last quarter. Equitable Trust Co. lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% during the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock valued at $260,000 after purchasing an additional 398 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 30,924 shares of the company’s stock valued at $1,666,000 after purchasing an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $53.31 on Monday. 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. The business has a fifty day moving average price of $53.11 and a 200-day moving average price of $53.55.

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

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

iShares 5-10 Year Investment Grade Corporate Bond ETF 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.