Diversified Portfolios Inc. Grows Stock Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Diversified Portfolios Inc. lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,895 shares of the company’s stock after purchasing an additional 5,696 shares during the period. Diversified Portfolios Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,488,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WestEnd Advisors LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 780 shares during the period. Centennial Bank AR bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at $66,000. General Partner Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $86,000. Finally, S.A. Mason LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $92,000. 76.98% of the stock is owned by institutional investors.

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

Shares of NASDAQ IGIB opened at $51.73 on Wednesday. The firm has a fifty day simple moving average of $51.74 and a two-hundred day simple moving average of $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.90 and a 12 month high of $54.10.

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

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.198 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.