Madison Asset Management LLC Acquires 15,441 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Madison Asset Management LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 5.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 309,483 shares of the company’s stock after purchasing an additional 15,441 shares during the period. Madison Asset Management LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $16,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IGIB. Beacon Capital Management Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $26,000. Cornerstone Planning Group LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth approximately $49,000. Private Wealth Asset Management LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $62,000. Bessemer Group Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $107,000. Finally, Root Financial Partners LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter valued at approximately $111,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

NASDAQ IGIB opened at $54.06 on Wednesday. The business has a fifty day simple moving average of $53.95 and a 200 day simple moving average of $53.92. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.52 and a 12 month high of $54.56.

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

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.2094 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.