iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Strong Trading Volume – What’s Next?

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw unusually-strong trading volume on Thursday . Approximately 3,781,569 shares were traded during trading, an increase of 85% from the previous session’s volume of 2,043,259 shares.The stock last traded at $54.0850 and had previously closed at $54.05.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.1%

The stock’s fifty day moving average price is $54.09 and its 200-day moving average price is $53.52.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were paid a dividend of $0.2136 per share. The ex-dividend date was Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IGIB. Beacon Capital Management Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $26,000. WestEnd Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at $28,000. Proathlete Wealth Management LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $40,000. Cornerstone Planning Group LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $49,000. Finally, Private Wealth Asset Management LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $62,000. 76.98% of the stock is currently owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company 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.