Crestwood Advisors Group LLC Lowers Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Crestwood Advisors Group LLC decreased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 10.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,821 shares of the company’s stock after selling 659 shares during the period. Crestwood Advisors Group LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $313,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Centennial Bank AR acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $66,000. Janney Montgomery Scott LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.2% during the third quarter. Janney Montgomery Scott LLC now owns 586,741 shares of the company’s stock valued at $31,520,000 after acquiring an additional 152,711 shares during the period. S.A. Mason LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $92,000. WestEnd Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $25,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $4,815,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.7 %

Shares of NASDAQ:IGIB opened at $51.87 on Thursday. The stock has a 50-day simple moving average of $53.12 and a 200-day simple moving average of $52.12. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $48.49 and a 1 year high of $54.10.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1939 per share. This represents a $2.33 dividend on an annualized basis and a yield of 4.48%. 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.