Morton Brown Family Wealth LLC Invests $129,000 in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Morton Brown Family Wealth LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,486 shares of the company’s stock, valued at approximately $129,000.

A number of other institutional investors also recently modified their holdings of the business. Transcend Capital Advisors LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% in the 2nd quarter. Transcend Capital Advisors LLC now owns 10,119 shares of the company’s stock worth $519,000 after purchasing an additional 279 shares in the last quarter. Vantage Financial Partners LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.7% in the 1st quarter. Vantage Financial Partners LLC now owns 22,005 shares of the company’s stock worth $1,135,000 after purchasing an additional 364 shares in the last quarter. Park Place Capital Corp increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.7% in the 1st quarter. Park Place Capital Corp now owns 56,028 shares of the company’s stock worth $2,891,000 after purchasing an additional 370 shares in the last quarter. Renasant Bank increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.7% in the 1st quarter. Renasant Bank now owns 50,739 shares of the company’s stock worth $2,618,000 after purchasing an additional 370 shares in the last quarter. Finally, NBT Bank N A NY increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% in the 1st quarter. NBT Bank N A NY now owns 7,852 shares of the company’s stock worth $405,000 after purchasing an additional 420 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 Trading Down 0.2 %

Shares of NASDAQ IGIB traded down $0.09 during trading on Friday, reaching $53.06. The company had a trading volume of 1,644,721 shares, compared to its average volume of 1,899,935. The company’s fifty day moving average price is $52.21 and its 200-day moving average price is $51.43. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $47.27 and a 12 month high of $53.41.

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

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

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.