iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $51.64 and last traded at $51.6650, with a volume of 763916 shares traded. The stock had previously closed at $51.77.
iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.1%
The stock’s fifty day moving average price is $52.36 and its two-hundred day moving average price is $52.97.
iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.2219 dividend. This represents a c) annualized dividend and a yield of 5.2%. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date of this dividend was Tuesday, September 1st.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Archer Investment Corp grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after purchasing an additional 446 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $40,000. Strive Financial Group LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $43,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $45,000. Finally, Birchwood Financial Partners Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $54,000. Institutional investors own 76.98% of the company’s stock.
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.
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