Janney Montgomery Scott LLC Grows Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Janney Montgomery Scott LLC grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 660,447 shares of the company’s stock after acquiring an additional 73,706 shares during the quarter. Janney Montgomery Scott LLC owned about 0.23% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $34,020,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vicus Capital boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% in the 3rd quarter. Vicus Capital now owns 12,705 shares of the company’s stock worth $683,000 after purchasing an additional 387 shares in the last quarter. WestEnd Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 780 shares in the last quarter. Tilia Fiduciary Partners Inc. boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 16,682 shares of the company’s stock worth $859,000 after purchasing an additional 929 shares in the last quarter. Finally, Rebalance LLC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the 3rd quarter. Rebalance LLC now owns 170,103 shares of the company’s stock worth $9,138,000 after purchasing an additional 942 shares in the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.1 %

Shares of IGIB opened at $51.54 on Friday. The stock has a 50-day moving average of $51.85 and a two-hundred day moving average of $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.90 and a one year high of $54.10.

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

The company also recently declared a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.1996 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

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.