iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB is Burns Matteson Capital Management LLC’s 5th Largest Position

Burns Matteson Capital Management LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 60.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 167,275 shares of the company’s stock after purchasing an additional 63,135 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up approximately 2.7% of Burns Matteson Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Burns Matteson Capital Management LLC owned approximately 0.05% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $9,013,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. General Partner Inc. lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the fourth quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after purchasing an additional 320 shares during the last quarter. ETF Portfolio Partners Inc. increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% in the 3rd quarter. ETF Portfolio Partners Inc. now owns 27,384 shares of the company’s stock worth $1,481,000 after buying an additional 373 shares during the last quarter. Florida Trust Wealth Management Co increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% in the 3rd quarter. Florida Trust Wealth Management Co now owns 8,005 shares of the company’s stock worth $433,000 after buying an additional 405 shares during the last quarter. Beacon Capital Management Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $26,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after buying an additional 524 shares in the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.5%

NASDAQ IGIB opened at $53.22 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.52 and a 52-week high of $54.58. The company has a fifty day moving average of $53.80 and a 200-day moving average of $53.96.

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

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.214 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a yield of 4.8%.

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.