iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sets New 12-Month Low – What’s Next?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $51.64 and last traded at $51.6650, with a volume of 763916 shares trading hands. The stock had previously closed at $51.77.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

The stock has a 50 day moving average price of $52.30 and a 200 day moving average price of $52.93.

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

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.2219 per share. The ex-dividend date was Tuesday, September 1st. 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.

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

A number of institutional investors have recently added to or reduced their stakes in IGIB. Archer Investment Corp lifted 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 worth $26,000 after purchasing an additional 446 shares during the period. Rothschild Investment LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $40,000. Strive Financial Group LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $43,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $45,000. Finally, Birchwood Financial Partners Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $54,000. 76.98% of the stock is owned by 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.