iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Hits New 1-Year Low – Here’s Why

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) hit a new 52-week low during trading on Monday . The company traded as low as $52.12 and last traded at $52.13, with a volume of 1374860 shares trading hands. The stock had previously closed at $52.26.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.2%

The company has a fifty day moving average price of $52.68 and a 200 day moving average price of $53.20.

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

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

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Archer Investment Corp boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after acquiring an additional 446 shares during the period. Rothschild Investment LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $40,000. IFC & Insurance Marketing Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $45,000. Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $54,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $89,000. 76.98% of the stock is owned by institutional investors and hedge funds.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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.