40,050 Shares in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Purchased by Montecito Bank & Trust

Montecito Bank & Trust bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 40,050 shares of the company’s stock, valued at approximately $2,017,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% in the 1st quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock valued at $108,000 after purchasing an additional 272 shares during the last quarter. Archer Investment Corp grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after purchasing an additional 446 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 8,947 shares of the company’s stock worth $475,000 after purchasing an additional 495 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 12,375 shares of the company’s stock worth $659,000 after purchasing an additional 520 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

IGIB traded down $0.10 during trading on Thursday, hitting $50.25. The stock had a trading volume of 6,361,209 shares, compared to its average volume of 2,990,655. The company has a 50 day moving average price of $51.83 and a 200-day moving average price of $52.63. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.94 and a one year high of $54.58.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be paid a $0.2206 dividend. This represents a $2.65 annualized dividend and a dividend yield of 5.3%. This is a drop from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2219. The ex-dividend date is Thursday, October 1st.

iShares 5-10 Year Investment Grade Corporate Bond ETF 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.