Advisory Research Inc. Has $1.81 Million Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Posted by Defense World Staff on Mar 15th, 2023

Advisory Research Inc. decreased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) by 20.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,501 shares of the company’s stock after selling 9,679 shares during the quarter. Advisory Research Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. City Holding Co. lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 373.8% in the third quarter. City Holding Co. now owns 777 shares of the company’s stock valued at $38,000 after buying an additional 613 shares during the period. Private Trust Co. NA acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth about $42,000. Almanack Investment Partners LLC. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $195,000. SVB Wealth LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 559.4% during the second quarter. SVB Wealth LLC now owns 4,161 shares of the company’s stock worth $212,000 after purchasing an additional 3,530 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 82.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the company’s stock worth $227,000 after purchasing an additional 1,871 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.4 %

NASDAQ IGIB opened at $50.11 on Wednesday. The stock’s 50-day moving average is $50.63 and its 200-day moving average is $49.76. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $46.81 and a one year high of $55.41.

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

The firm also recently declared a monthly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, March 2nd were given a dividend of $0.154 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.69%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15.

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

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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.