Davis R M Inc. Has $2.91 Million Stock Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Davis R M Inc. decreased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 7.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 56,453 shares of the company’s stock after selling 4,838 shares during the period. Davis R M Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $2,908,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Rebalance LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.6% in the 4th quarter. Rebalance LLC now owns 176,278 shares of the company’s stock valued at $9,080,000 after buying an additional 6,175 shares in the last quarter. One Capital Management LLC increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.3% during the 4th quarter. One Capital Management LLC now owns 4,548,612 shares of the company’s stock worth $234,299,000 after purchasing an additional 57,363 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $28,000. Jones Financial Companies Lllp increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.6% during the 4th quarter. Jones Financial Companies Lllp now owns 437,199 shares of the company’s stock worth $22,520,000 after purchasing an additional 114,724 shares in the last quarter. Finally, Providence First Trust Co acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $103,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.3 %

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $52.39 on Tuesday. The company has a 50-day simple moving average of $51.80 and a 200 day simple moving average of $52.39. 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.

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

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

iShares 5-10 Year Investment Grade Corporate Bond ETF Profile

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.