1,079,921 Shares in iShares 5-10 Year Investment Grade Corporate Bond ETF $IGIB Bought by RMG Wealth Management LLC

RMG Wealth Management LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,079,921 shares of the company’s stock, valued at approximately $57,452,000. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for about 6.8% of RMG Wealth Management LLC’s holdings, making the stock its 6th biggest position. RMG Wealth Management LLC owned 0.32% of iShares 5-10 Year Investment Grade Corporate Bond ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Archer Investment Corp lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after acquiring an additional 446 shares during the period. Rothschild Investment LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $40,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $45,000. Birchwood Financial Partners Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $54,000. Finally, Nalls Sherbakoff Group LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $89,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

Shares of IGIB opened at $52.19 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $52.15 and a 12 month high of $54.58. The company has a 50-day moving average price of $52.87 and a two-hundred day moving average price of $53.39.

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

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2155 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.