Bank of New York Mellon Corp Has $50.48 Million Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Bank of New York Mellon Corp lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 5.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 948,447 shares of the company’s stock after acquiring an additional 46,214 shares during the period. Bank of New York Mellon Corp’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $50,476,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Archer Investment Corp lifted its stake 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 worth $26,000 after buying an additional 446 shares during the last quarter. Rothschild Investment LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $40,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $45,000. Birchwood Financial Partners Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $54,000. Finally, Nalls Sherbakoff Group LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth $89,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $52.19 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $52.15 and a fifty-two week high of $54.58. The firm has a fifty day moving average price of $52.87 and a two-hundred day moving average price of $53.39.

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

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.2155 dividend. The ex-dividend date was Wednesday, July 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.