Bank of New York Mellon Corp Raises Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Bank of New York Mellon Corp increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) by 5.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 893,285 shares of the company’s stock after purchasing an additional 43,594 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.47% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $43,128,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in IGIB. City Holding Co. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 373.8% in the 3rd quarter. City Holding Co. now owns 777 shares of the company’s stock valued at $38,000 after buying an additional 613 shares in the last quarter. Private Trust Co. NA purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $42,000. SVB Wealth LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 559.4% in the 2nd quarter. SVB Wealth LLC now owns 4,161 shares of the company’s stock valued at $212,000 after buying an additional 3,530 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 82.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the company’s stock valued at $227,000 after buying an additional 1,871 shares in the last quarter. Finally, West Michigan Advisors LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% in the 2nd quarter. West Michigan Advisors LLC now owns 5,564 shares of the company’s stock valued at $284,000 after buying an additional 312 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of NASDAQ:IGIB opened at $50.05 on Friday. The business has a fifty day moving average of $50.61 and a two-hundred day moving average of $49.79. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $46.81 and a 52-week high of $55.41.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, March 2nd were paid a $0.154 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Wednesday, March 1st. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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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.