Klaas Financial Asset Advisors LLC Increases Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Klaas Financial Asset Advisors LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 3.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,612,252 shares of the company’s stock after buying an additional 55,046 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up approximately 13.1% of Klaas Financial Asset Advisors LLC’s portfolio, making the stock its 2nd biggest holding. Klaas Financial Asset Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $87,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of IGIB. Beacon Capital Management Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $26,000. WestEnd Advisors LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $28,000. Proathlete Wealth Management LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $40,000. Private Wealth Asset Management LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter worth approximately $62,000. Finally, Parallel Advisors LLC increased its stake in shares of 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 worth $204,000 after buying an additional 797 shares during the period. Institutional investors own 76.98% of the company’s stock.

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

NASDAQ:IGIB opened at $54.07 on Tuesday. The company has a fifty day moving average of $54.04 and a 200 day moving average of $53.68. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $50.52 and a 52 week high of $54.56.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a dividend of $0.2118 per share. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend 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.