FDx Advisors Inc. Buys New Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

FDx Advisors Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,564 shares of the company’s stock, valued at approximately $2,244,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Root Financial Partners LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $25,000. Nvwm LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $27,000. Indiana Trust & Investment Management Co purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $37,000. Strive Financial Group LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth $43,000. Finally, SBI Securities Co. Ltd. grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 127.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,069 shares of the company’s stock worth $54,000 after acquiring an additional 600 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 Performance

Shares of IGIB stock traded down $0.07 on Friday, hitting $50.57. The stock had a trading volume of 2,327,242 shares, compared to its average volume of 3,096,160. The business has a 50 day moving average of $50.91 and a 200 day moving average of $52.55. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.94 and a 12-month high of $54.58.

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

The company also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a dividend of $0.2207 per share. This represents a $2.65 annualized dividend and a yield of 5.2%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2206. The ex-dividend date was Monday, November 2nd.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.