Abound Financial LLC Acquires New Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Abound Financial LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 76,312 shares of the company’s stock, valued at approximately $4,112,000. iShares 5-10 Year Investment Grade Corporate Bond ETF makes up 1.0% of Abound Financial LLC’s holdings, making the stock its 23rd largest position.

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $40,000. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $45,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after buying an additional 524 shares during the period. General Partner Inc. raised its holdings 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 buying an additional 320 shares during the last quarter. Finally, Piscataqua Savings Bank acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $120,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ IGIB opened at $53.08 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $52.38 and a 52-week high of $54.58. The firm has a 50 day moving average price of $53.16 and a two-hundred day moving average price of $53.62.

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

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

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.