NewSquare Capital LLC Trims Stock Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

NewSquare Capital LLC reduced its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 309,285 shares of the company’s stock after selling 4,357 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up about 1.3% of NewSquare Capital LLC’s holdings, making the stock its 20th biggest holding. NewSquare Capital LLC owned about 0.11% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $15,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock valued at $131,479,000 after buying an additional 1,399,131 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 30.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,600 shares of the company’s stock valued at $22,438,000 after buying an additional 101,092 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock valued at $379,000 after buying an additional 1,262 shares in the last quarter. Haverford Trust Co boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% during the 3rd quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after buying an additional 37,657 shares in the last quarter. Finally, Leavell Investment Management Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $267,000. Institutional investors own 76.98% of the company’s stock.

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

Shares of IGIB stock opened at $52.54 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.91 and a 12 month high of $54.10. The company’s fifty day moving average price is $51.74 and its 200-day moving average price is $52.41.

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

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.1981 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20.

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.