Magnolia Private Wealth LLC Takes $316,000 Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Magnolia Private Wealth LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,128 shares of the company’s stock, valued at approximately $316,000.

Several other large investors have also recently bought and sold shares of the stock. WestEnd Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock valued at $60,000 after purchasing an additional 780 shares during the last quarter. Centennial Bank AR acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $66,000. General Partner Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $86,000. Finally, S.A. Mason LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $92,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.6 %

Shares of NASDAQ:IGIB opened at $52.52 on Wednesday. The company has a 50 day moving average of $51.62 and a 200-day moving average of $52.42. 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.

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

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

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.