1,220 Shares in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Bought by SouthState Corp

SouthState Corp purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,220 shares of the company’s stock, valued at approximately $63,000.

A number of other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $28,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 780 shares during the last quarter. General Partner Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $86,000. Providence First Trust Co bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $103,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $271,000. 76.98% of the stock is currently owned by institutional investors.

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

NASDAQ:IGIB opened at $52.25 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.91 and a twelve month high of $54.10. The stock has a fifty day simple moving average of $51.89 and a 200-day simple moving average of $52.35.

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

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1981 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change 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.