Park Place Capital Corp Sells 12,465 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB

Park Place Capital Corp reduced its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 87.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,772 shares of the company’s stock after selling 12,465 shares during the quarter. Park Place Capital Corp’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $95,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IGIB. MassMutual Private Wealth & Trust FSB raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after acquiring an additional 524 shares during the period. General Partner Inc. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the fourth quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after purchasing an additional 320 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 311,482 shares of the company’s stock valued at $16,848,000 after purchasing an additional 3,125 shares during the period. IFP Advisors Inc increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 799.5% in the third quarter. IFP Advisors Inc now owns 16,056 shares of the company’s stock valued at $868,000 after purchasing an additional 14,271 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 51.9% in the third quarter. Sunbelt Securities Inc. now owns 5,696 shares of the company’s stock valued at $308,000 after purchasing an additional 1,946 shares in the last quarter. 76.98% of the stock is owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.2%

IGIB opened at $52.95 on Wednesday. The firm’s fifty day moving average is $53.90 and its two-hundred day moving average is $54.01. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.52 and a twelve month high of $54.58.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a $0.214 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21.

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.