iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) to Issue Monthly Dividend of $0.22 on April 7th

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.2194 per share on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 2.5% increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21.

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

Shares of NASDAQ IGIB opened at $53.04 on Thursday. The stock’s fifty day moving average is $53.78 and its 200 day moving average is $53.96. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $50.52 and a 52 week high of $54.58.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Rossby Financial LCC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% during the 4th quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock worth $282,000 after acquiring an additional 287 shares in the last quarter. General Partner Inc. lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the fourth quarter. General Partner Inc. now owns 2,165 shares of the company’s stock worth $117,000 after purchasing an additional 320 shares during the last quarter. ETF Portfolio Partners Inc. raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% during the 3rd quarter. ETF Portfolio Partners Inc. now owns 27,384 shares of the company’s stock worth $1,481,000 after buying an additional 373 shares in the last quarter. Diversified Portfolios Inc. raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% during the 4th quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock worth $1,294,000 after buying an additional 380 shares in the last quarter. Finally, Equitable Trust Co. boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the fourth quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock valued at $260,000 after buying an additional 398 shares in the last quarter. Institutional investors own 76.98% of the company’s stock.

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.