Sumitomo Mitsui Trust Group Inc. Cuts Stock Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 39.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 334,508 shares of the company’s stock after selling 214,322 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.12% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $17,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. WestEnd Advisors LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter valued at about $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $35,000. Olistico Wealth LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $55,000. Centennial Bank AR purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $66,000. Finally, S.A. Mason LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $92,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $51.90 on Monday. The firm has a fifty day moving average of $52.96 and a 200-day moving average of $52.21. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.35 and a 52-week high of $54.10.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.1939 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.33 annualized dividend and a yield of 4.48%.

iShares 5-10 Year Investment Grade Corporate Bond ETF 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.