Madison Asset Management LLC Sells 63,522 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Madison Asset Management LLC cut its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 245,961 shares of the company’s stock after selling 63,522 shares during the period. Madison Asset Management LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $13,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $49,000. MassMutual Private Wealth & Trust FSB boosted 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 worth $49,000 after buying an additional 524 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $107,000. Root Financial Partners LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $111,000. Finally, General Partner Inc. boosted 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 worth $117,000 after buying an additional 320 shares during the last quarter. 76.98% of the stock is owned by institutional investors.

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

NASDAQ:IGIB opened at $53.06 on Wednesday. The firm’s 50 day moving average is $53.36 and its 200 day moving average is $53.80. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.61 and a 12 month high of $54.58.

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

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

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.