Shares of iShares 10+ Year Govt/Credit Bond Fund (NYSEARCA:ILTB) saw strong trading volume on Monday following a dividend announcement from the company. 705,684 shares traded hands during trading, an increase of 724% from the previous session’s volume of 85,654 shares.The stock last traded at $62.26 and had previously closed at $62.17.
The newly announced dividend which will be paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd will be issued a $0.1896 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Thursday, February 1st.
A number of hedge funds and other institutional investors have recently made changes to their positions in ILTB. Sowell Financial Services LLC purchased a new stake in iShares 10+ Year Govt/Credit Bond Fund during the fourth quarter worth $1,140,000. Cardan Capital Partners LLC boosted its holdings in iShares 10+ Year Govt/Credit Bond Fund by 3.9% during the fourth quarter. Cardan Capital Partners LLC now owns 110,479 shares of the company’s stock worth $7,155,000 after buying an additional 4,096 shares in the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new stake in iShares 10+ Year Govt/Credit Bond Fund during the fourth quarter worth $167,000.
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iShares 10+ Year Govt/Credit Bond Fund Company Profile
iShares Core Long-Term U.S. Bond ETF (the Fund), formerly iShares 10+ Year Government/Credit Bond Fund, seeks investment results that correspond generally to the price and yield performance of the long-term, investment-grade United States corporate and government bond markets as defined by the BofA Merrill Lynch 10+ Year US Corporate & Government Index (the Index).
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