Renasant Bank Has $758,000 Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Renasant Bank reduced its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 44.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,006 shares of the company’s stock after selling 11,379 shares during the quarter. Renasant Bank’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of IGIB. Bessemer Group Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $107,000. Cornerstone Planning Group LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $49,000. Jones Financial Companies Lllp raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 32.3% in the third quarter. Jones Financial Companies Lllp now owns 1,035,016 shares of the company’s stock valued at $55,880,000 after buying an additional 252,638 shares during the period. FDx Advisors Inc. lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.7% in the third quarter. FDx Advisors Inc. now owns 85,349 shares of the company’s stock valued at $4,615,000 after buying an additional 1,434 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 801,281 shares of the company’s stock worth $43,378,000 after acquiring an additional 464,000 shares during the period. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

IGIB stock opened at $53.97 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.52 and a 1-year high of $54.56. The business’s 50 day simple moving average is $53.94 and its 200 day simple moving average is $53.90.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.2094 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.7%.

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.