North Dallas Bank & Trust Co. Purchases Shares of 16,025 iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

North Dallas Bank & Trust Co. purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,025 shares of the company’s stock, valued at approximately $863,000.

Other hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock valued at $111,741,000 after purchasing an additional 297,436 shares during the last quarter. Syon Capital LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 34.1% during the 3rd quarter. Syon Capital LLC now owns 512,640 shares of the company’s stock worth $27,729,000 after acquiring an additional 130,500 shares in the last quarter. Burns Matteson Capital Management LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 60.6% during the 4th quarter. Burns Matteson Capital Management LLC now owns 167,275 shares of the company’s stock worth $9,013,000 after acquiring an additional 63,135 shares in the last quarter. Madison Asset Management LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% during the 3rd quarter. Madison Asset Management LLC now owns 309,483 shares of the company’s stock worth $16,740,000 after acquiring an additional 15,441 shares in the last quarter. Finally, Western Wealth Management LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 289.3% during the 4th quarter. Western Wealth Management LLC now owns 26,505 shares of the company’s stock worth $1,428,000 after acquiring an additional 19,696 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 Price Performance

IGIB stock opened at $52.80 on Wednesday. The company’s 50-day simple moving average is $53.16 and its 200-day simple moving average is $53.65. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $52.20 and a 52-week high of $54.58.

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

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.2162 per share. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, June 1st.

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.