City State Bank Has $4.26 Million Stock Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

City State Bank increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 32.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,355 shares of the company’s stock after acquiring an additional 19,475 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF comprises about 1.6% of City State Bank’s investment portfolio, making the stock its 18th largest position. City State Bank’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $4,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. One Capital Management LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.6% during the 2nd quarter. One Capital Management LLC now owns 3,956,402 shares of the company’s stock valued at $202,805,000 after acquiring an additional 619,092 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 7,287.0% during the first quarter. BNP Paribas Financial Markets now owns 426,749 shares of the company’s stock worth $22,020,000 after buying an additional 420,972 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $15,378,000. BNP Paribas bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter valued at about $13,032,000. Finally, Mittelman Wealth Management acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter valued at approximately $9,218,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ IGIB opened at $52.94 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $47.27 and a 52-week high of $54.10. The firm has a 50 day moving average price of $53.25 and a 200 day moving average price of $51.91.

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

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.192 dividend. The ex-dividend date was Tuesday, September 3rd.

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.