Concentric Wealth Management LLC Acquires 5,853 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Concentric Wealth Management LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 4.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 153,052 shares of the company’s stock after acquiring an additional 5,853 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up 2.0% of Concentric Wealth Management LLC’s holdings, making the stock its 13th biggest holding. Concentric Wealth Management LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $8,222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. City State Bank raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 32.5% during the 3rd quarter. City State Bank now owns 79,355 shares of the company’s stock valued at $4,263,000 after buying an additional 19,475 shares during the period. Mittelman Wealth Management raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% in the 2nd quarter. Mittelman Wealth Management now owns 188,175 shares of the company’s stock worth $9,646,000 after purchasing an additional 9,522 shares during the period. Haverford Trust Co lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock worth $60,936,000 after purchasing an additional 37,657 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock valued at $379,000 after buying an additional 1,262 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter worth approximately $154,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

IGIB opened at $52.02 on Monday. The business has a fifty day moving average of $52.80 and a 200 day moving average of $52.27. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.65 and a 52-week high of $54.10.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.1939 dividend. This represents a $2.33 annualized dividend and a yield of 4.47%. The ex-dividend date was Friday, November 1st. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.