CoreCap Advisors LLC Grows Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

CoreCap Advisors LLC increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,028 shares of the company’s stock after acquiring an additional 20,520 shares during the quarter. CoreCap Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $9,732,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Archer Investment Corp increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after acquiring an additional 446 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $40,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $45,000. Birchwood Financial Partners Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at about $54,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at about $89,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.4%

Shares of IGIB stock opened at $52.42 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $52.12 and a 12-month high of $54.58. The stock’s 50-day moving average price is $52.80 and its 200-day moving average price is $53.29.

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

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 5.0%.

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.