First Horizon Advisors Inc. Sells 607 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

First Horizon Advisors Inc. cut its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 4.3% during the second quarter, Holdings Channel reports. The fund owned 13,480 shares of the company’s stock after selling 607 shares during the period. First Horizon Advisors Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $691,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IGIB. Vermillion & White Wealth Management Group LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $36,000. Olistico Wealth LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $55,000. American National Bank bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth about $90,000. EverSource Wealth Advisors LLC increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 472.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,531 shares of the company’s stock valued at $184,000 after acquiring an additional 2,914 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $212,000. 76.98% of the stock is owned by institutional investors and hedge funds.

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

Shares of IGIB stock opened at $53.11 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $47.27 and a 1 year high of $53.13. The firm’s 50 day moving average is $51.94 and its 200-day moving average is $51.33.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a dividend of $0.1929 per share. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $2.31 annualized dividend and a yield of 4.36%.

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.