Leavell Investment Management Inc. Sells 47,918 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Leavell Investment Management Inc. trimmed its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 89.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,410 shares of the company’s stock after selling 47,918 shares during the quarter. Leavell Investment Management Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IGIB. AMJ Financial Wealth Management raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 98.9% during the second quarter. AMJ Financial Wealth Management now owns 170,212 shares of the company’s stock valued at $9,071,000 after purchasing an additional 84,636 shares during the last quarter. JARISLOWSKY FRASER Ltd grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 61.2% in the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 89,421 shares of the company’s stock worth $4,837,000 after purchasing an additional 33,946 shares during the period. 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 period. Baird Financial Group Inc. raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 514,085 shares of the company’s stock valued at $27,396,000 after buying an additional 11,896 shares during the last quarter. Finally, Proathlete Wealth Management LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

IGIB stock opened at $53.90 on Tuesday. 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. The stock’s fifty day moving average price is $53.98 and its 200-day moving average price is $53.80.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.2118 per share. This represents a c) dividend on an annualized basis and a dividend 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.