Kingswood Wealth Advisors LLC Grows Stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Kingswood Wealth Advisors LLC grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 235.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,889 shares of the company’s stock after buying an additional 20,986 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vicus Capital increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% in the 3rd quarter. Vicus Capital now owns 12,705 shares of the company’s stock valued at $683,000 after buying an additional 387 shares during the period. WestEnd Advisors LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $25,000. MassMutual Private Wealth & Trust FSB raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 780 shares in the last quarter. Tilia Fiduciary Partners Inc. lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% in the fourth quarter. Tilia Fiduciary Partners Inc. now owns 16,682 shares of the company’s stock valued at $859,000 after purchasing an additional 929 shares during the period. Finally, Rebalance LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the 3rd quarter. Rebalance LLC now owns 170,103 shares of the company’s stock valued at $9,138,000 after purchasing an additional 942 shares in the last quarter. 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 stock opened at $51.90 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.90 and a 12-month high of $54.10. The stock has a 50 day simple moving average of $51.83 and a 200-day simple moving average of $52.45.

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

The firm also recently announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1996 dividend. The ex-dividend date was Wednesday, December 18th. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

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.