BNP Paribas Takes $1.26 Million Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

BNP Paribas purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 23,504 shares of the company’s stock, valued at approximately $1,263,000.

Several other large investors have also recently bought and sold shares of IGIB. One Capital Management LLC raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.6% in the 2nd quarter. One Capital Management LLC now owns 3,956,402 shares of the company’s stock valued at $202,805,000 after acquiring an additional 619,092 shares during the period. BNP Paribas Financial Markets grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18,741.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 331,800 shares of the company’s stock worth $17,824,000 after purchasing an additional 330,039 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $15,378,000. Janney Montgomery Scott LLC grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 586,741 shares of the company’s stock worth $31,520,000 after purchasing an additional 152,711 shares in the last quarter. Finally, Highline Wealth Partners LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $4,815,000. 76.98% of the stock is owned by institutional investors.

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

Shares of NASDAQ:IGIB opened at $52.49 on Thursday. The company’s 50 day moving average price is $52.72 and its two-hundred day moving average price is $52.29. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.87 and a 12-month high of $54.10.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1939 per share. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date was Friday, November 1st. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.