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

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)’s stock price hit a new 52-week low during trading on Monday . The stock 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 stock has a fifty day moving average price of $52.68 and a two-hundred day moving average price of $53.20.

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

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

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.6% during the 2nd quarter. CoreCap Advisors LLC now owns 183,028 shares of the company’s stock worth $9,732,000 after acquiring an additional 20,520 shares during the period. Essential Partners LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at about $783,000. Strategic Investment Advisors MI raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% during the first quarter. Strategic Investment Advisors MI now owns 41,270 shares of the company’s stock valued at $2,197,000 after purchasing an additional 5,533 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 88.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,121 shares of the company’s stock worth $326,000 after purchasing an additional 2,866 shares during the period. Finally, Mittelman Wealth Management lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the first quarter. Mittelman Wealth Management now owns 213,856 shares of the company’s stock worth $11,381,000 after purchasing an additional 17,623 shares during the period. Institutional investors own 76.98% of the company’s stock.

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.