iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Reaches New 1-Year Low – Time to Sell?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $52.13 and last traded at $52.14, with a volume of 76690 shares changing hands. The stock had previously closed at $52.29.

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

The company has a 50-day moving average price of $52.82 and a 200 day moving average price of $53.32.

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

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.2155 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.2% during the 2nd quarter. NewEdge Advisors LLC now owns 140,302 shares of the company’s stock valued at $7,477,000 after buying an additional 1,660 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 8.5% in the second quarter. IHT Wealth Management LLC now owns 39,751 shares of the company’s stock worth $2,118,000 after buying an additional 3,122 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 103,318.8% in the third quarter. BNP Paribas Financial Markets now owns 187,188 shares of the company’s stock worth $10,125,000 after buying an additional 187,007 shares in the last quarter. Horizon Investments LLC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.9% during the third quarter. Horizon Investments LLC now owns 1,059,071 shares of the company’s stock worth $56,840,000 after acquiring an additional 19,394 shares during the last quarter. Finally, One Capital Management LLC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.7% during the third quarter. One Capital Management LLC now owns 5,008,290 shares of the company’s stock worth $270,898,000 after acquiring an additional 482,449 shares during the last quarter. 76.98% of the stock is 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.