North Dallas Bank & Trust Co. Makes New $774,000 Investment in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

North Dallas Bank & Trust Co. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 14,525 shares of the company’s stock, valued at approximately $774,000.

Other hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 79.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,923,610 shares of the company’s stock worth $102,509,000 after purchasing an additional 853,759 shares in the last quarter. Allstate Corp lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.4% in the first quarter. Allstate Corp now owns 3,022,087 shares of the company’s stock valued at $158,720,000 after purchasing an additional 285,912 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.3% during the second quarter. TD Private Client Wealth LLC now owns 1,449,210 shares of the company’s stock valued at $77,228,000 after purchasing an additional 158,812 shares during the period. AMJ Financial Wealth Management increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 98.9% in the second quarter. AMJ Financial Wealth Management now owns 170,212 shares of the company’s stock worth $9,071,000 after buying an additional 84,636 shares during the last quarter. Finally, OLD Mission Capital LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 765.6% in the first quarter. OLD Mission Capital LLC now owns 87,975 shares of the company’s stock valued at $4,620,000 after buying an additional 77,811 shares during the period. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.4%

IGIB stock opened at $53.83 on Friday. The stock has a fifty day moving average of $54.09 and a 200-day moving average of $53.55. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.52 and a fifty-two week high of $54.56.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a $0.2136 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. This represents a c) annualized dividend and a dividend yield of 4.8%.

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.