RiverFront Investment Group LLC Invests $877,000 in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

RiverFront Investment Group LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,107 shares of the company’s stock, valued at approximately $877,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter worth about $13,032,000. Fisher Asset Management LLC grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 568.8% in the fourth quarter. Fisher Asset Management LLC now owns 84,077 shares of the company’s stock worth $4,372,000 after purchasing an additional 71,506 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 12,945 shares of the company’s stock worth $668,000 after purchasing an additional 442 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.0% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 11,855 shares of the company’s stock worth $612,000 after purchasing an additional 675 shares during the period. Finally, Mittelman Wealth Management raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% during the 2nd quarter. Mittelman Wealth Management now owns 188,175 shares of the company’s stock valued at $9,646,000 after purchasing an additional 9,522 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.4 %

Shares of IGIB stock opened at $53.74 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $47.27 and a twelve month high of $54.10. The stock has a fifty day simple moving average of $53.10 and a two-hundred day simple moving average of $51.81.

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

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.192 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.