Farther Finance Advisors LLC Trims Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Farther Finance Advisors LLC lowered its position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 15.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,172 shares of the company’s stock after selling 4,694 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 7,287.0% during the 1st quarter. BNP Paribas Financial Markets now owns 426,749 shares of the company’s stock worth $22,020,000 after buying an additional 420,972 shares during the last quarter. Allstate Corp raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 7.3% in the fourth quarter. Allstate Corp now owns 5,476,431 shares of the company’s stock valued at $284,774,000 after purchasing an additional 370,442 shares during the period. One Capital Management LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 11.6% in the 4th quarter. One Capital Management LLC now owns 2,931,466 shares of the company’s stock valued at $152,436,000 after purchasing an additional 305,327 shares during the last quarter. BNP Paribas acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth about $13,032,000. Finally, Mittelman Wealth Management purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter valued at about $9,218,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IGIB opened at $53.06 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $47.27 and a 12-month high of $53.41. The company’s 50-day moving average price is $52.21 and its 200 day moving average price is $51.44.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were given a dividend of $0.1929 per share. The ex-dividend date was Thursday, August 1st. This represents a $2.31 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.