iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Shares Sold by TIAA Trust National Association

TIAA Trust National Association reduced its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 3.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,611 shares of the company’s stock after selling 254 shares during the period. TIAA Trust National Association’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after buying an additional 780 shares during the last quarter. SouthState Corp acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $63,000. General Partner Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $86,000. 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 valued at approximately $103,000. Institutional investors own 76.98% of the company’s stock.

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

Shares of IGIB opened at $52.44 on Friday. The business’s fifty day moving average price is $52.07 and its 200 day moving average price is $52.31. 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 firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1981 dividend. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Monday, March 3rd.

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.