Bellwether Advisors LLC Downgrades iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Financial Advisors


Bellwether Advisors LLC reduced its holding of the iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – rated) by 62.0% during the fourth quarter, according to a recent disclosure to the SEC. The institutional investor held 6,025 shares in the company after selling 9,836 shares during the period. Bellwether Advisors LLC’s iShares 5-10 Year Investment Grade Corporate Bond ETF holdings were valued at $298,000 at the time of the latest SEC filing.

Many other institutional investors and hedge funds have also recently changed positions in this business. Haverford Trust Company increased its stake in the iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the fourth quarter. Haverford Trust Co acquired an additional 5,109 shares during the previous quarter and now owns 796,340 shares of the company, valued at $39,427,000. JPMorgan Chase & Co. increased its stake in the iShares 5-10 Year Investment Grade Corporate Bond ETF by 86.9% in the fourth quarter. JPMorgan Chase & Co. acquired an additional 195,606 shares during the last quarter and now owns 420,705 shares in the company worth $20.83 million. KLK Capital Management LLC increased his equity stake in the iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% during the fourth quarter. KLK Capital Management LLC purchased an additional 2,089 of his shares during the last quarter and he now owns 133,076 shares of the company, valued at $6,589,000. Ten Capital Wealth Advisors LLC increased its equity stake in the iShares 5-10 Year Investment Grade Corporate Bond ETF by 37,877.8% during the fourth quarter. Ten Capital Wealth Advisors LLC purchased an additional 3,409 shares during the last quarter and now owns 3,418 shares of the company, valued at $169,000. Finally, FDx Advisors Inc. increased its equity stake in the iShares 5-10 Year Investment Grade Corporate Bond ETF by 23.9% during the fourth quarter. FDx Advisors Inc. purchased an additional 22,242 shares during the last quarter and now owns 115,210 shares of the company, valued at $5,704,000. Hedge funds and other institutional investors own 77.04% of the company’s shares.

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

iShares 5-10 year investment grade corporate bond ETF shares fell $0.09 in Friday trading to $50.60. 339,592 shares were exchanged for an average turnover of 1,785,187 shares. The stock has a 50-day moving average of $50.88 and a 200-day moving average of $50.70. The iShares 5-10 Year Investment Grade Corporate Bond ETF hit a one-year low of $46.81 and a one-year high of $52.89.

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

The company also recently announced a monthly dividend that will be paid out on Wednesday, June 7th. The shareholder of record on Friday, June 2nd will be issued a dividend of $0.1646 per share for him. The ex-dividend date for this dividend will be June 1 (Thursday). This equates to a dividend of $1.97 for him on an annualized basis and a dividend yield of 3.90% for him.

About the iShares 5-10 Year Investment Grade Corporate Bond ETF

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The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund based on the ICE BofA US Corporate (5-10 Y) Index. The fund tracks a market value weighted index of US dollar denominated investment grade corporate bonds with maturities of 5 to 10 years. IGIB was established on January 5, 2007 and is managed by BlackRock.

Related item

Want to know if other hedge funds hold IGIB? Visit HoldingsChannel.com to get the latest 13F filing and insider trading for the iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Rated).

iShares 5-10 Year Investment Grade Corporate Bond ETF Quarterly Institutional Ownership (NASDAQ:IGIB)

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