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

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)’s share price reached a new 52-week low on Wednesday . The company traded as low as $51.12 and last traded at $51.0950, with a volume of 442313 shares trading hands. The stock had previously closed at $51.44.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 1.0%

The company has a 50-day moving average price of $52.07 and a 200-day moving average price of $52.76.

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

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.2219 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is a positive change 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.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. One Capital Management LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% in the 4th quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock valued at $285,200,000 after buying an additional 284,959 shares in the last quarter. RMG Wealth Management LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth $57,452,000. Bank of New York Mellon Corp raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 948,447 shares of the company’s stock worth $50,476,000 after acquiring an additional 46,214 shares in the last quarter. Syon Capital LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.5% in the fourth quarter. Syon Capital LLC now owns 525,501 shares of the company’s stock valued at $28,314,000 after acquiring an additional 12,861 shares during the last quarter. Finally, Madison Asset Management LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% in the first quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock valued at $21,337,000 after acquiring an additional 154,955 shares during the last quarter. 76.98% of the stock is currently owned by hedge funds and other 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.