Syon Capital LLC Grows Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Syon Capital LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525,501 shares of the company’s stock after purchasing an additional 12,861 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises 1.4% of Syon Capital LLC’s investment portfolio, making the stock its 16th largest holding. Syon Capital LLC owned 0.16% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $28,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $40,000. MassMutual Private Wealth & Trust FSB raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after purchasing an additional 524 shares during the last quarter. Bessemer Group Inc. purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $107,000. General Partner Inc. raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% in the 4th quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after purchasing an additional 320 shares during the last quarter. Finally, Piscataqua Savings Bank purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $120,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.6%

IGIB stock opened at $52.69 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $52.04 and a 12 month high of $54.58. The company has a fifty day moving average price of $53.16 and a 200 day moving average price of $53.66.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.2162 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.9%.

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.