iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) is Arkansas Financial Group Inc.’s 9th Largest Position

Posted by Oscar Bower on Jan 23rd, 2025

Arkansas Financial Group Inc. lowered its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Free Report) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 373,813 shares of the company’s stock after selling 25,882 shares during the quarter. iShares 5-10 Year Investment Grade Corporate Bond ETF accounts for about 3.1% of Arkansas Financial Group Inc.’s investment portfolio, making the stock its 9th largest position. Arkansas Financial Group Inc. owned approximately 0.13% of iShares 5-10 Year Investment Grade Corporate Bond ETF worth $19,255,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IGIB. WestEnd Advisors LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its position in shares of 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. Centennial Bank AR purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $66,000. General Partner Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $86,000. Finally, S.A. Mason LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $92,000. 76.98% of the stock is currently owned by institutional investors.

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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $51.48 on Thursday. The business has a 50-day moving average price of $51.85 and a 200-day moving average price of $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.90 and a twelve month high of $54.10.

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

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

About iShares 5-10 Year Investment Grade Corporate Bond ETF

(Free Report)

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.