iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Hits New 52-Week High – Still a Buy?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $54.57 and last traded at $54.5650, with a volume of 784903 shares. The stock had previously closed at $54.47.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

The company’s 50-day moving average price is $54.05 and its two-hundred day moving average price is $54.01.

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

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2094 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.6%.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of large investors have recently modified their holdings of IGIB. Rossby Financial LCC boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% in the fourth quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock worth $282,000 after buying an additional 287 shares in the last quarter. General Partner Inc. boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% in the 4th quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after purchasing an additional 320 shares in the last quarter. ETF Portfolio Partners Inc. boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% in the 3rd quarter. ETF Portfolio Partners Inc. now owns 27,384 shares of the company’s stock valued at $1,481,000 after purchasing an additional 373 shares in the last quarter. Diversified Portfolios Inc. grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% during the 4th quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock valued at $1,294,000 after purchasing an additional 380 shares during the last quarter. Finally, Equitable Trust Co. raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock worth $260,000 after purchasing an additional 398 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.