Park Place Capital Corp Sells 13,485 Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)

Park Place Capital Corp decreased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) by 26.6% in the 4th quarter, Holdings Channel reports. The firm owned 37,298 shares of the company’s stock after selling 13,485 shares during the quarter. Park Place Capital Corp’s holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF were worth $1,921,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WestEnd Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after buying an additional 780 shares in the last quarter. Centennial Bank AR acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $66,000. General Partner Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $86,000. Finally, S.A. Mason LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth $92,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.3 %

IGIB opened at $51.66 on Wednesday. The company has a fifty day moving average price of $51.85 and a two-hundred day moving average price of $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.90 and a 1-year high of $54.10.

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

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

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.