First Horizon Advisors Inc. Sells 1,044 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

First Horizon Advisors Inc. lowered its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 8.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,353 shares of the company’s stock after selling 1,044 shares during the period. First Horizon Advisors Inc.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $585,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FDx Advisors Inc. lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 37.6% during the fourth quarter. FDx Advisors Inc. now owns 103,029 shares of the company’s stock worth $5,307,000 after buying an additional 28,149 shares in the last quarter. Vicus Capital lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.4% during the fourth quarter. Vicus Capital now owns 13,388 shares of the company’s stock worth $690,000 after buying an additional 683 shares in the last quarter. Diversified Portfolios Inc. lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 24.6% during the fourth quarter. Diversified Portfolios Inc. now owns 28,895 shares of the company’s stock worth $1,488,000 after buying an additional 5,696 shares in the last quarter. Burns Matteson Capital Management LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 107.5% during the fourth quarter. Burns Matteson Capital Management LLC now owns 31,845 shares of the company’s stock worth $1,640,000 after buying an additional 16,495 shares in the last quarter. Finally, MFA Wealth Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $14,918,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

IGIB opened at $52.23 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.90 and a fifty-two week high of $54.10. The stock has a fifty day moving average of $51.62 and a 200-day moving average of $52.42.

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

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.198 dividend. 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.