iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Stake Reduced by Allstate Corp

Allstate Corp cut its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 23.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,736,175 shares of the company’s stock after selling 833,683 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for about 4.2% of Allstate Corp’s portfolio, making the stock its 6th largest holding. Allstate Corp owned about 0.96% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $140,940,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after acquiring an additional 1,399,131 shares during the period. BNP Paribas Financial Markets raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18,741.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 331,800 shares of the company’s stock worth $17,824,000 after purchasing an additional 330,039 shares during the period. TD Private Client Wealth LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 38.3% during the fourth quarter. TD Private Client Wealth LLC now owns 1,117,851 shares of the company’s stock worth $57,580,000 after purchasing an additional 309,753 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $14,918,000. Finally, Bank of New York Mellon Corp increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 13.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,799,643 shares of the company’s stock valued at $92,700,000 after buying an additional 219,961 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.5 %

Shares of NASDAQ:IGIB opened at $52.44 on Friday. The business’s 50 day moving average price is $52.07 and its 200-day moving average price is $52.31. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.91 and a 1 year high of $54.10.

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

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1981 per share. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, March 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.