Syon Capital LLC Sells 109,330 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Syon Capital LLC cut its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 19.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,375 shares of the company’s stock after selling 109,330 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 1.1% of Syon Capital LLC’s investment portfolio, making the stock its 21st largest position. Syon Capital LLC owned 0.13% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $24,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in IGIB. Western Wealth Management LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 289.3% in the 4th quarter. Western Wealth Management LLC now owns 26,505 shares of the company’s stock valued at $1,428,000 after buying an additional 19,696 shares during the period. TD Private Client Wealth LLC increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% during the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock worth $111,741,000 after acquiring an additional 297,436 shares during the period. Madison Asset Management LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% during the first quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock valued at $21,337,000 after acquiring an additional 154,955 shares in the last quarter. North Dallas Bank & Trust Co. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $863,000. Finally, One Capital Management LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% in the fourth quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock valued at $285,200,000 after purchasing an additional 284,959 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of NASDAQ IGIB opened at $51.83 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.71 and a 52-week high of $54.58. The stock has a 50 day moving average price of $52.44 and a 200 day moving average price of $53.02.

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

The company also recently announced a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be issued a $0.2219 dividend. The ex-dividend date is Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.1%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22.

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.