AdvisorNet Financial Inc Lowers Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

AdvisorNet Financial Inc trimmed its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 32.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 11,934 shares of the company’s stock after selling 5,819 shares during the period. AdvisorNet Financial Inc’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IGIB. WestEnd Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at about $25,000. Centennial Bank AR acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $66,000. General Partner Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $86,000. S.A. Mason LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $92,000. Finally, Sunbelt Securities Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth $154,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.9 %

NASDAQ:IGIB opened at $51.35 on Thursday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.90 and a fifty-two week high of $54.10. The firm’s fifty day simple moving average is $51.91 and its 200-day simple moving average is $52.44.

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

The business also recently announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1996 dividend. The ex-dividend date was Wednesday, December 18th. This is a boost 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 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.