Syon Capital LLC Purchases 130,500 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Syon Capital LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 34.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 512,640 shares of the company’s stock after purchasing an additional 130,500 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up approximately 1.5% of Syon Capital LLC’s holdings, making the stock its 18th largest holding. Syon Capital LLC owned about 0.17% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $27,729,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Beacon Capital Management Inc. purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $26,000. Cornerstone Planning Group LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $49,000. Bessemer Group Inc. purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $107,000. Root Financial Partners LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $111,000. Finally, Premier Financial Group bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at $126,000. 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

Shares of NASDAQ IGIB opened at $54.38 on Wednesday. The firm has a fifty day simple moving average of $53.97 and a two-hundred day simple moving average of $53.96. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.52 and a 12 month high of $54.56.

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

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.2094 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, February 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.