iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) to Issue Monthly Dividend of $0.13

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIBGet Rating) declared a monthly dividend on Thursday, June 30th, Zacks reports. Stockholders of record on Tuesday, July 5th will be paid a dividend of 0.126 per share on Friday, July 8th. This represents a $1.51 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Friday, July 1st. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.12.

IGIB opened at $51.49 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.85 and a 1 year high of $61.31. The stock has a fifty day moving average price of $51.73 and a 200 day moving average price of $54.84.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 82.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the company’s stock valued at $227,000 after purchasing an additional 1,871 shares during the last quarter. Sawgrass Asset Management LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at $1,066,000. West Michigan Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter worth about $288,000. Baird Financial Group Inc. lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.3% in the first quarter. Baird Financial Group Inc. now owns 282,022 shares of the company’s stock worth $15,474,000 after buying an additional 740 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 43.2% in the first quarter. JPMorgan Chase & Co. now owns 184,580 shares of the company’s stock worth $10,128,000 after buying an additional 55,706 shares during the last quarter.

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Dividend History for iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

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