Burns Matteson Capital Management LLC Has $1.64 Million Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Burns Matteson Capital Management LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 107.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 31,845 shares of the company’s stock after buying an additional 16,495 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 0.8% of Burns Matteson Capital Management LLC’s portfolio, making the stock its 26th largest holding. Burns Matteson Capital Management LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,640,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of IGIB. WestEnd Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock valued at $60,000 after purchasing an additional 780 shares during the period. Centennial Bank AR acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $66,000. General Partner Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $86,000. Finally, S.A. Mason LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth $92,000. Institutional investors own 76.98% of the company’s stock.

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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $51.79 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.90 and a 52-week high of $54.10. The firm has a 50-day moving average of $51.75 and a 200-day moving average of $52.45.

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

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.198 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.