Meritage Portfolio Management Sells 1,761 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Meritage Portfolio Management lessened its position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 68,398 shares of the company’s stock after selling 1,761 shares during the quarter. Meritage Portfolio Management’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $3,645,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IGIB. Janney Montgomery Scott LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 693,730 shares of the company’s stock worth $36,435,000 after acquiring an additional 33,283 shares during the last quarter. Montecito Bank & Trust increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.0% in the 1st quarter. Montecito Bank & Trust now owns 38,343 shares of the company’s stock worth $2,014,000 after buying an additional 1,466 shares during the period. Vicus Capital increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.4% in the 1st quarter. Vicus Capital now owns 14,105 shares of the company’s stock worth $741,000 after buying an additional 717 shares during the period. Kingswood Wealth Advisors LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 31.2% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 39,204 shares of the company’s stock worth $2,059,000 after buying an additional 9,315 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter worth about $324,000. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.2%

IGIB stock opened at $53.98 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.52 and a 12 month high of $54.49. The firm’s 50-day moving average is $53.81 and its 200 day moving average is $52.87.

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

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a $0.2134 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.7%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21.

iShares 5-10 Year Investment Grade Corporate Bond ETF 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.