Migdal Insurance & Financial Holdings Ltd. Reduces Holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Migdal Insurance & Financial Holdings Ltd. trimmed its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 33.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 605 shares of the company’s stock after selling 305 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $31,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Diversified Portfolios Inc. grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 360.6% in the 4th quarter. Diversified Portfolios Inc. now owns 21,050 shares of the company’s stock valued at $1,095,000 after buying an additional 16,480 shares during the last quarter. Graypoint LLC grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 62.8% in the 4th quarter. Graypoint LLC now owns 245,409 shares of the company’s stock valued at $12,761,000 after buying an additional 94,656 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $213,000. Prime Capital Investment Advisors LLC grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 130.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 257,273 shares of the company’s stock valued at $13,378,000 after buying an additional 145,851 shares during the last quarter. Finally, Kozak & Associates Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $67,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ IGIB opened at $50.13 on Friday. The firm’s fifty day moving average price is $51.10 and its 200 day moving average price is $50.47. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $47.27 and a 12 month high of $52.25.

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

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.187 per share. This represents a $2.24 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Monday, April 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.