Cullen Frost Bankers Inc. Takes $539,000 Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Cullen Frost Bankers Inc. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $539,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. General Partner Inc. raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% in the 4th quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after purchasing an additional 320 shares in the last quarter. Equitable Trust Co. raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock valued at $260,000 after purchasing an additional 398 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after purchasing an additional 524 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.5% in the 3rd quarter. Boyd Watterson Asset Management LLC OH now owns 12,725 shares of the company’s stock valued at $688,000 after purchasing an additional 776 shares in the last quarter. Finally, Cornerstone Planning Group LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $49,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of IGIB opened at $52.87 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $51.92 and a twelve month high of $54.58. The firm’s fifty day simple moving average is $53.19 and its 200-day simple moving average is $53.72.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.2171 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, May 1st.

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.