iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Stock Acquired by CoreCap Advisors LLC

CoreCap Advisors LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 28.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,396 shares of the company’s stock after buying an additional 51,368 shares during the period. CoreCap Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $11,802,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Archer Investment Corp lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after acquiring an additional 446 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth about $43,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $89,000. Root Financial Partners LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% in the 1st quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock valued at $108,000 after purchasing an additional 272 shares during the last quarter. Finally, Union Savings Bank purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $230,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.3%

Shares of NASDAQ IGIB traded up $0.13 during trading hours on Thursday, reaching $50.47. The stock had a trading volume of 3,793,375 shares, compared to its average volume of 3,013,129. The firm has a 50-day moving average of $51.63 and a 200-day moving average of $52.52. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.94 and a fifty-two week high of $54.58.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2206 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a decrease from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2219. This represents a $2.65 annualized dividend and a dividend yield of 5.2%.

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.