Prime Capital Investment Advisors LLC Sells 179,999 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Prime Capital Investment Advisors LLC trimmed its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 44.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 220,648 shares of the company’s stock after selling 179,999 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $11,310,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. 1620 Investment Advisors Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $35,000. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $36,000. Olistico Wealth LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $55,000. American National Bank bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $90,000. Finally, Morton Brown Family Wealth LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $129,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $53.77 on Friday. The business has a 50-day moving average of $52.63 and a 200-day moving average of $51.60. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $47.27 and a 1 year high of $53.82.

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

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.192 per share. The ex-dividend date was Tuesday, September 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.