Concentric Wealth Management LLC Acquires 5,853 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Concentric Wealth Management LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 4.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,052 shares of the company’s stock after purchasing an additional 5,853 shares during the period. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for approximately 2.0% of Concentric Wealth Management LLC’s holdings, making the stock its 13th largest position. Concentric Wealth Management LLC owned about 0.06% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $8,222,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Transcend Capital Advisors LLC grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 10,119 shares of the company’s stock valued at $519,000 after acquiring an additional 279 shares during the period. City State Bank increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 45.4% in the 2nd quarter. City State Bank now owns 59,880 shares of the company’s stock worth $3,069,000 after buying an additional 18,705 shares in the last quarter. Olistico Wealth LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $55,000. Kingswood Wealth Advisors LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $624,000. Finally, Tilia Fiduciary Partners Inc. boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.6% in the second quarter. Tilia Fiduciary Partners Inc. now owns 13,910 shares of the company’s stock worth $713,000 after acquiring an additional 1,556 shares during the period. 76.98% of the stock is owned by institutional investors.

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

IGIB stock opened at $52.02 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.65 and a 1-year high of $54.10. The business has a 50 day simple moving average of $52.80 and a two-hundred day simple moving average of $52.27.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1939 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.33 annualized dividend and a yield of 4.47%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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.