iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 25.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 323,000 shares of the company’s stock after selling 112,600 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.11% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $17,213,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. WestEnd Advisors LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth about $28,000. Proathlete Wealth Management LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $40,000. Garrison Bradford & Associates Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth approximately $42,000. Private Wealth Asset Management LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $62,000. Finally, Parallel Advisors LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 26.3% during the 2nd quarter. Parallel Advisors LLC now owns 3,832 shares of the company’s stock valued at $204,000 after buying an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.5%

Shares of NASDAQ:IGIB opened at $54.28 on Thursday. The business’s fifty day moving average price is $54.06 and its two-hundred day moving average price is $53.10. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $50.52 and a one year high of $54.56.

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

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.2134 dividend. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.7%.

iShares 5-10 Year Investment Grade Corporate Bond ETF 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.