Sumitomo Mitsui Trust Group Inc. Boosts Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Sumitomo Mitsui Trust Group Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 30.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 435,600 shares of the company’s stock after buying an additional 101,092 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.15% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $22,438,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after buying an additional 1,399,131 shares during the period. Nations Financial Group Inc. IA ADV increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock worth $379,000 after buying an additional 1,262 shares during the period. Haverford Trust Co increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the 3rd quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock worth $60,936,000 after buying an additional 37,657 shares during the period. Leavell Investment Management Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $267,000. Finally, Arkadios Wealth Advisors increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 9,511 shares of the company’s stock worth $511,000 after buying an additional 1,019 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.5 %

IGIB stock opened at $51.49 on Thursday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.90 and a 12 month high of $54.10. The firm’s 50-day moving average is $51.72 and its 200 day moving average is $52.45.

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

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.198 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.