Sumitomo Mitsui Trust Group Inc. Sells 93,000 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Sumitomo Mitsui Trust Group Inc. reduced its position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 35.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 170,000 shares of the company’s stock after selling 93,000 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.05% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $9,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IGIB. Rothschild Investment LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $40,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $45,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock worth $49,000 after purchasing an additional 524 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $54,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $89,000. 76.98% of the stock is owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.3%

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $52.57 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $52.38 and a one year high of $54.58. The business’s fifty day moving average is $52.96 and its 200 day moving average is $53.46.

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

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2155 per share. The ex-dividend date was Wednesday, July 1st.

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.