BNP Paribas Makes New Investment in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

BNP Paribas purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 23,504 shares of the company’s stock, valued at approximately $1,263,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WestEnd Advisors LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $25,000. 1620 Investment Advisors Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $35,000. Olistico Wealth LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $55,000. Centennial Bank AR bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $66,000. Finally, S.A. Mason LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $92,000. 76.98% of the stock is owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.3 %

Shares of IGIB stock opened at $52.49 on Thursday. The firm’s 50-day moving average is $52.72 and its 200-day moving average is $52.29. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.87 and a 52-week high of $54.10.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1939 dividend. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.43%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date was Friday, November 1st.

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.