Covenant Multifamily Offices LLC Buys New Position in iShares Intermediate-Term Corporate Bond ETF (NYSEARCA:IGIB)

Covenant Multifamily Offices LLC purchased a new position in shares of iShares Intermediate-Term Corporate Bond ETF (NYSEARCA:IGIB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,477 shares of the company’s stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Osborn Williams & Donohoe LLC acquired a new position in iShares Intermediate-Term Corporate Bond ETF during the first quarter worth approximately $147,000. Torch Wealth Management LLC purchased a new position in shares of iShares Intermediate-Term Corporate Bond ETF in the 1st quarter valued at approximately $369,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of iShares Intermediate-Term Corporate Bond ETF in the 1st quarter valued at approximately $60,000. Davis R M Inc. purchased a new position in shares of iShares Intermediate-Term Corporate Bond ETF in the 1st quarter valued at approximately $1,932,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of iShares Intermediate-Term Corporate Bond ETF in the 1st quarter valued at approximately $1,398,000.

Shares of IGIB stock traded up $0.16 during midday trading on Wednesday, hitting $55.25. The company had a trading volume of 401,647 shares, compared to its average volume of 674,407. iShares Intermediate-Term Corporate Bond ETF has a 52-week low of $51.96 and a 52-week high of $55.33.

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were paid a $0.1701 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $2.04 annualized dividend and a dividend yield of 3.69%.

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Institutional Ownership by Quarter for iShares Intermediate-Term Corporate Bond ETF (NYSEARCA:IGIB)

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