Graypoint LLC Cuts Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Graypoint LLC lessened its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 462,849 shares of the company’s stock after selling 22,802 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for approximately 1.4% of Graypoint LLC’s portfolio, making the stock its 16th largest holding. Graypoint LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $23,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after purchasing an additional 1,399,131 shares during the period. City State Bank lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 32.5% in the 3rd quarter. City State Bank now owns 79,355 shares of the company’s stock worth $4,263,000 after purchasing an additional 19,475 shares during the last quarter. Mittelman Wealth Management increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% in the second quarter. Mittelman Wealth Management now owns 188,175 shares of the company’s stock valued at $9,646,000 after purchasing an additional 9,522 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock valued at $379,000 after buying an additional 1,262 shares during the period. Finally, Haverford Trust Co boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% during the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after buying an additional 37,657 shares in the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.6 %

Shares of NASDAQ IGIB traded down $0.33 during midday trading on Friday, reaching $50.94. The company’s stock had a trading volume of 2,493,764 shares, compared to its average volume of 2,222,377. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.90 and a one year high of $54.10. The company has a 50 day moving average price of $51.99 and a 200 day moving average price of $52.44.

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

The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1996 dividend. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

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.