Davis R M Inc. Buys 2,350 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Davis R M Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.6% in the 2nd quarter, Holdings Channel reports. The fund owned 94,298 shares of the company’s stock after buying an additional 2,350 shares during the quarter. Davis R M Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $4,769,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 135.4% during the 2nd quarter. Parallel Advisors LLC now owns 817 shares of the company’s stock valued at $41,000 after purchasing an additional 470 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $120,000. Bessemer Group Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at approximately $129,000. Coppell Advisory Solutions Corp. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $145,000. Finally, Arkadios Wealth Advisors purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at about $211,000. Institutional investors own 81.40% of the company’s stock.

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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $49.68 on Tuesday. The company’s fifty day simple moving average is $48.52 and its two-hundred day simple moving average is $49.62. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $47.27 and a 12-month high of $52.19.

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

The company also recently announced a monthly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Thursday, November 2nd were given a $0.171 dividend. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $2.05 annualized dividend and a dividend yield of 4.13%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17.

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.