Eagle Asset Management Inc. Decreases Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Eagle Asset Management Inc. reduced its position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 27.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 9,178 shares of the company’s stock after selling 3,456 shares during the period. Eagle Asset Management Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $481,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. WestEnd Advisors LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $25,000. 1620 Investment Advisors Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $35,000. Olistico Wealth LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter worth approximately $55,000. Centennial Bank AR purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $66,000. Finally, S.A. Mason LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $92,000. 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

NASDAQ:IGIB opened at $52.46 on Tuesday. The business has a fifty day moving average price of $52.77 and a 200-day moving average price of $52.28. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.72 and a one year 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. Investors of record on Friday, November 1st were paid a dividend of $0.1939 per share. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.43%.

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.