Graypoint LLC Buys 73,473 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Graypoint LLC increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 17.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 485,651 shares of the company’s stock after acquiring an additional 73,473 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises approximately 1.7% of Graypoint LLC’s investment portfolio, making the stock its 14th biggest holding. Graypoint LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $26,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IGIB. Transcend Capital Advisors LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 10,119 shares of the company’s stock valued at $519,000 after purchasing an additional 279 shares in the last quarter. Renasant Bank lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.7% in the 1st quarter. Renasant Bank now owns 50,739 shares of the company’s stock valued at $2,618,000 after acquiring an additional 370 shares in the last quarter. Vicus Capital lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% in the 3rd quarter. Vicus Capital now owns 12,705 shares of the company’s stock valued at $683,000 after acquiring an additional 387 shares in the last quarter. WestEnd Advisors LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $25,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

Shares of IGIB stock opened at $51.87 on Thursday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $48.49 and a 12 month high of $54.10. The company’s fifty day simple moving average is $53.12 and its 200-day simple moving average is $52.12.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1939 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.33 annualized dividend and a yield of 4.48%.

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.