26,578 iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 19.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,649 shares of the company’s stock after selling 26,578 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $5,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of IGIB. RMG Wealth Management LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at approximately $57,452,000. Madison Asset Management LLC raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% in the first quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock worth $21,337,000 after buying an additional 154,955 shares during the period. CoreCap Advisors LLC raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 28.1% in the third quarter. CoreCap Advisors LLC now owns 234,396 shares of the company’s stock worth $11,802,000 after buying an additional 51,368 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 948,447 shares of the company’s stock worth $50,476,000 after acquiring an additional 46,214 shares during the last quarter. Finally, Montecito Bank & Trust bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $2,017,000. 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

IGIB opened at $50.66 on Wednesday. The business has a fifty day moving average of $51.32 and a 200 day moving average of $52.37. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.94 and a 52-week high of $54.58.

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

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.2206 per share. This represents a $2.65 annualized dividend and a dividend yield of 5.2%. This is a negative change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2219. The ex-dividend date was Thursday, October 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.