Janney Montgomery Scott LLC Decreases Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Janney Montgomery Scott LLC cut its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 731,611 shares of the company’s stock after selling 44,066 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $38,936,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $40,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $45,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock worth $49,000 after buying an additional 524 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $54,000. Finally, Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $89,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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

Shares of IGIB opened at $53.31 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $52.38 and a 1-year high of $54.58. The company’s fifty day moving average price is $53.11 and its 200-day moving average price is $53.55.

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

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.2162 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.9%.

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.