iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Large Volume Increase – What’s Next?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw an uptick in trading volume on Thursday . 3,781,569 shares changed hands during trading, an increase of 85% from the previous session’s volume of 2,043,259 shares.The stock last traded at $54.0850 and had previously closed at $54.05.

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

The business’s 50-day moving average price is $54.09 and its 200-day moving average price is $53.52.

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

The company also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a $0.2136 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.7%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21.

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

A number of hedge funds have recently modified their holdings of the company. Sandhill Capital Partners LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter worth $210,000. Summit Financial LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter worth about $376,000. Integrated Investment Consultants LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter worth about $212,000. Allstate Corp grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.4% during the first quarter. Allstate Corp now owns 3,022,087 shares of the company’s stock worth $158,720,000 after purchasing an additional 285,912 shares in the last quarter. Finally, OLD Mission Capital LLC raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 765.6% during the 1st quarter. OLD Mission Capital LLC now owns 87,975 shares of the company’s stock valued at $4,620,000 after purchasing an additional 77,811 shares during the period. 76.98% of the stock is currently owned by institutional investors.

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.