Patriot Investment Management Inc. Invests $4.85 Million in iShares Intermediate-Term Corporate Bond ETF (IGIB)

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Patriot Investment Management Inc. acquired a new stake in shares of iShares Intermediate-Term Corporate Bond ETF (NYSEARCA:IGIB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 87,994 shares of the company’s stock, valued at approximately $4,851,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in iShares Intermediate-Term Corporate Bond ETF during the fourth quarter valued at approximately $13,478,000. IHT Wealth Management LLC acquired a new stake in iShares Intermediate-Term Corporate Bond ETF during the fourth quarter valued at approximately $1,116,000. PFS Investments Inc. bought a new position in shares of iShares Intermediate-Term Corporate Bond ETF during the first quarter valued at approximately $4,581,000. Courage Miller Partners LLC bought a new position in shares of iShares Intermediate-Term Corporate Bond ETF during the first quarter valued at approximately $4,814,000. Finally, Haverford Trust Co. bought a new position in shares of iShares Intermediate-Term Corporate Bond ETF during the fourth quarter valued at approximately $34,538,000.

Shares of NYSEARCA:IGIB traded up $0.08 during trading on Friday, hitting $54.94. 9,514 shares of the company traded hands, compared to its average volume of 684,674. iShares Intermediate-Term Corporate Bond ETF has a one year low of $51.96 and a one year high of $55.27.

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.1701 per share. This represents a $2.04 annualized dividend and a dividend yield of 3.72%. The ex-dividend date of this dividend is Wednesday, May 1st.

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

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