iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Position Increased by Baird Financial Group Inc.

Baird Financial Group Inc. boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 514,085 shares of the company’s stock after purchasing an additional 11,896 shares during the quarter. Baird Financial Group Inc. owned approximately 0.17% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $27,396,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. WestEnd Advisors LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at $28,000. Proathlete Wealth Management LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $40,000. Private Wealth Asset Management LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $62,000. Parallel Advisors LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 26.3% in the 2nd quarter. Parallel Advisors LLC now owns 3,832 shares of the company’s stock worth $204,000 after purchasing an additional 797 shares during the last quarter. Finally, Sandhill Capital Partners LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter valued at approximately $210,000. 76.98% of the stock is owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

Shares of NASDAQ IGIB opened at $53.99 on Friday. The stock has a 50 day simple moving average of $54.10 and a 200-day simple moving average of $53.47. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.52 and a 12-month high of $54.56.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were given a dividend of $0.2136 per share. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.