NewSquare Capital LLC Increases Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

NewSquare Capital LLC grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 296,301 shares of the company’s stock after acquiring an additional 6,554 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 1.5% of NewSquare Capital LLC’s holdings, making the stock its 12th largest position. NewSquare Capital LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $15,408,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 167.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 617 shares of the company’s stock valued at $30,000 after acquiring an additional 386 shares during the period. Kozak & Associates Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $67,000. Private Trust Co. NA grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 23.9% during the 3rd quarter. Private Trust Co. NA now owns 2,189 shares of the company’s stock worth $106,000 after buying an additional 422 shares during the last quarter. NBC Securities Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $153,000. Finally, YHB Investment Advisors Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $213,000. 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 Up 0.2 %

IGIB stock traded up $0.11 on Tuesday, hitting $50.41. 1,858,052 shares of the company’s stock were exchanged, compared to its average volume of 1,843,469. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $47.27 and a 12-month high of $52.25. The firm has a 50 day moving average price of $51.06 and a two-hundred day moving average price of $50.53.

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

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.187 per share. The ex-dividend date was Monday, April 1st. This represents a $2.24 annualized dividend and a yield of 4.45%.

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.