Transcend Capital Advisors LLC Has $519,000 Stock Position in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Transcend Capital Advisors LLC increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,119 shares of the company’s stock after buying an additional 279 shares during the period. Transcend Capital Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $519,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 130.9% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 257,273 shares of the company’s stock valued at $13,378,000 after acquiring an additional 145,851 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $213,000. Graypoint LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 62.8% during the 4th quarter. Graypoint LLC now owns 245,409 shares of the company’s stock worth $12,761,000 after purchasing an additional 94,656 shares in the last quarter. Diversified Portfolios Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 360.6% during the 4th quarter. Diversified Portfolios Inc. now owns 21,050 shares of the company’s stock worth $1,095,000 after purchasing an additional 16,480 shares in the last quarter. Finally, NewSquare Capital LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.3% during the 4th quarter. NewSquare Capital LLC now owns 296,301 shares of the company’s stock worth $15,408,000 after purchasing an additional 6,554 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 Price Performance

NASDAQ IGIB traded up $0.43 during trading hours on Friday, reaching $52.80. 1,616,989 shares of the company’s stock were exchanged, compared to its average volume of 1,877,063. The company’s 50-day moving average is $51.56 and its two-hundred day moving average is $51.24. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $47.27 and a one year high of $52.82.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be paid a dividend of $0.1929 per share. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.31 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Thursday, August 1st.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.