Syon Capital LLC Increases Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Syon Capital LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 525,501 shares of the company’s stock after acquiring an additional 12,861 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for 1.4% of Syon Capital LLC’s portfolio, making the stock its 16th largest position. Syon Capital LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $28,314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in IGIB. NewEdge Advisors LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.2% in the 2nd quarter. NewEdge Advisors LLC now owns 140,302 shares of the company’s stock valued at $7,477,000 after purchasing an additional 1,660 shares in the last quarter. IHT Wealth Management LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 8.5% in the 2nd quarter. IHT Wealth Management LLC now owns 39,751 shares of the company’s stock valued at $2,118,000 after purchasing an additional 3,122 shares in 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 valued at about $107,000. Boyd Watterson Asset Management LLC OH increased 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, Madison Asset Management LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% in the 3rd quarter. Madison Asset Management LLC now owns 309,483 shares of the company’s stock valued at $16,740,000 after purchasing an additional 15,441 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 Trading Down 0.6%

Shares of IGIB opened at $52.69 on Friday. The company has a 50-day simple moving average of $53.16 and a 200-day simple moving average of $53.66. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $52.04 and a 52-week high of $54.58.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.2162 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Monday, June 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.