Diversified Portfolios Inc. Boosts Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Diversified Portfolios Inc. increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 24.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,895 shares of the company’s stock after purchasing an additional 5,696 shares during the period. Diversified Portfolios Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,488,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IGIB. JPMorgan Chase & Co. lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after buying an additional 1,399,131 shares in the last quarter. BNP Paribas Financial Markets lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18,741.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 331,800 shares of the company’s stock valued at $17,824,000 after acquiring an additional 330,039 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $14,918,000. Janney Montgomery Scott LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 586,741 shares of the company’s stock worth $31,520,000 after purchasing an additional 152,711 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 30.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,600 shares of the company’s stock worth $22,438,000 after purchasing an additional 101,092 shares in the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.2 %

NASDAQ IGIB opened at $51.73 on Wednesday. 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 stock has a 50-day moving average of $51.74 and a 200 day moving average of $52.45.

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

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.198 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.