Mechanics Financial Corp Decreases Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Mechanics Financial Corp decreased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 764 shares of the company’s stock after selling 560 shares during the quarter. Mechanics Financial Corp’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $39,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18,741.6% during the third quarter. BNP Paribas Financial Markets now owns 331,800 shares of the company’s stock worth $17,824,000 after buying an additional 330,039 shares during the period. Captrust Financial Advisors boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 500.4% during the 3rd quarter. Captrust Financial Advisors now owns 97,437 shares of the company’s stock worth $5,234,000 after purchasing an additional 81,207 shares during the period. IHT Wealth Management LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 758.2% during the 3rd quarter. IHT Wealth Management LLC now owns 39,057 shares of the company’s stock valued at $2,098,000 after purchasing an additional 34,506 shares during the last quarter. Greenwood Gearhart Inc. raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.2% in the 3rd quarter. Greenwood Gearhart Inc. now owns 1,101,013 shares of the company’s stock worth $59,146,000 after purchasing an additional 63,989 shares during the period. Finally, Mittelman Wealth Management lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.1% in the third quarter. Mittelman Wealth Management now owns 195,971 shares of the company’s stock worth $10,528,000 after purchasing an additional 7,796 shares during the last quarter. Institutional investors own 76.98% of the company’s stock.

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

Shares of NASDAQ:IGIB opened at $52.44 on Friday. The business has a 50 day simple moving average of $52.07 and a two-hundred day simple moving average of $52.31. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.91 and a 1 year high of $54.10.

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

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1981 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20.

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.