Integrated Wealth Concepts LLC Has $652,000 Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Integrated Wealth Concepts LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 33.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,660 shares of the company’s stock after purchasing an additional 3,199 shares during the period. Integrated Wealth Concepts LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IGIB. SBI Securities Co. Ltd. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 780 shares during the period. SouthState Corp bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $63,000. General Partner Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $86,000. Finally, Providence First Trust Co acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $103,000. 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 $52.13 on Friday. The company’s 50 day simple moving average is $52.13 and its 200 day simple moving average is $52.03. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.24 and a fifty-two week high of $54.10.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st will be paid a $0.2025 dividend. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date is Thursday, May 1st. This represents a $2.43 annualized dividend and a yield of 4.66%.

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.