iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sets New 12-Month Low – Time to Sell?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) reached a new 52-week low during trading on Tuesday . The company traded as low as $51.84 and last traded at $51.85, with a volume of 234099 shares trading hands. The stock had previously closed at $52.19.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.7%

The business’s fifty day moving average price is $52.53 and its 200 day moving average price is $53.07.

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

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a $0.22 dividend. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date was Monday, August 3rd.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.2% in the 2nd quarter. NewEdge Advisors LLC now owns 140,302 shares of the company’s stock valued at $7,477,000 after purchasing an additional 1,660 shares during the last quarter. IHT Wealth Management LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 8.5% during the second quarter. IHT Wealth Management LLC now owns 39,751 shares of the company’s stock worth $2,118,000 after purchasing an additional 3,122 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 103,318.8% during the third quarter. BNP Paribas Financial Markets now owns 187,188 shares of the company’s stock worth $10,125,000 after purchasing an additional 187,007 shares during the last quarter. Horizon Investments LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.9% during the third quarter. Horizon Investments LLC now owns 1,059,071 shares of the company’s stock worth $56,840,000 after purchasing an additional 19,394 shares during the period. Finally, One Capital Management LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.7% during the third quarter. One Capital Management LLC now owns 5,008,290 shares of the company’s stock worth $270,898,000 after purchasing an additional 482,449 shares during the period. 76.98% of the stock is owned by hedge funds and other 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.