Arkadios Wealth Advisors Grows Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Arkadios Wealth Advisors raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 12.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,511 shares of the company’s stock after acquiring an additional 1,019 shares during the period. Arkadios Wealth Advisors’ holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $511,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. 1620 Investment Advisors Inc. purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth $35,000. Olistico Wealth LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $55,000. Morton Brown Family Wealth LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $129,000. Sunbelt Securities Inc. bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $154,000. Finally, EverSource Wealth Advisors LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 56.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,199 shares of the company’s stock worth $272,000 after acquiring an additional 1,867 shares in the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

Shares of IGIB stock opened at $52.43 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $47.61 and a 1 year high of $54.10. The stock’s 50 day simple moving average is $53.25 and its two-hundred day simple moving average is $52.06.

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

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.192 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.