City State Bank Buys 10,645 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

City State Bank boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,760 shares of the company’s stock after purchasing an additional 10,645 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 1.5% of City State Bank’s holdings, making the stock its 17th largest holding. City State Bank’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $5,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. WestEnd Advisors LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $28,000. Proathlete Wealth Management LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $40,000. Private Wealth Asset Management LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $62,000. Parallel Advisors LLC raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 26.3% in the second quarter. Parallel Advisors LLC now owns 3,832 shares of the company’s stock valued at $204,000 after purchasing an additional 797 shares during the last quarter. Finally, Equitable Trust Co. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $231,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.1%

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $54.02 on Friday. The business has a 50 day moving average of $54.05 and a 200-day moving average of $53.65. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.52 and a 1 year high of $54.56.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a $0.2118 dividend. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, December 19th.

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.