Syon Capital LLC Sells 109,330 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Syon Capital LLC lessened its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 19.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 455,375 shares of the company’s stock after selling 109,330 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up about 1.1% of Syon Capital LLC’s holdings, making the stock its 21st largest holding. Syon Capital LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $24,212,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IGIB. Root Financial Partners LLC raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% in the first quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock worth $108,000 after buying an additional 272 shares in the last quarter. Rossby Financial LCC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% in the 4th quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock valued at $282,000 after acquiring an additional 287 shares during the period. Diversified Portfolios Inc. raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% in the 4th quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock worth $1,294,000 after acquiring an additional 380 shares in the last quarter. Equitable Trust Co. raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock worth $260,000 after acquiring an additional 398 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 30,924 shares of the company’s stock worth $1,666,000 after purchasing an additional 443 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

IGIB opened at $51.83 on Friday. The business’s 50-day moving average is $52.44 and its two-hundred day moving average is $53.02. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.71 and a 1 year high of $54.58.

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

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 4th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.2219 per share. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date is Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 5.1%.

iShares 5-10 Year Investment Grade Corporate Bond ETF Profile

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.