Mitsubishi UFJ Trust & Banking Corp Grows Position in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 137.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 801,281 shares of the company’s stock after buying an additional 464,000 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.26% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $43,378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beacon Capital Management Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $26,000. WestEnd Advisors LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $28,000. Private Wealth Asset Management LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter worth approximately $62,000. Root Financial Partners LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $111,000. Finally, Premier Financial Group bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $126,000. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of IGIB opened at $53.97 on Monday. The firm has a fifty day simple moving average of $53.98 and a two-hundred day simple moving average of $53.83. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.52 and a 1-year high of $54.56.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.2118 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

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.