iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Position Trimmed by Arkansas Financial Group Inc.

Arkansas Financial Group Inc. reduced its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 6.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 373,813 shares of the company’s stock after selling 25,882 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises 3.1% of Arkansas Financial Group Inc.’s portfolio, making the stock its 9th biggest holding. Arkansas Financial Group Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $19,255,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after acquiring an additional 1,399,131 shares during the last quarter. City State Bank boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 32.5% during the 3rd quarter. City State Bank now owns 79,355 shares of the company’s stock worth $4,263,000 after purchasing an additional 19,475 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock valued at $379,000 after purchasing an additional 1,262 shares during the last quarter. Haverford Trust Co increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after purchasing an additional 37,657 shares during the last quarter. Finally, Asio Capital LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.6% during the third quarter. Asio Capital LLC now owns 219,767 shares of the company’s stock worth $11,806,000 after buying an additional 5,531 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

Shares of NASDAQ:IGIB opened at $51.48 on Thursday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.90 and a 52-week high of $54.10. The business has a fifty day moving average of $51.85 and a two-hundred day moving average of $52.45.

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

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a dividend of $0.1996 per share. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Wednesday, December 18th.

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.