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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) reached a new 52-week low on Wednesday . The company traded as low as $52.36 and last traded at $52.39, with a volume of 377326 shares traded. The stock had previously closed at $52.47.

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

The firm has a 50 day moving average of $52.90 and a two-hundred day moving average of $53.41.

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

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

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

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.2% during the second quarter. NewEdge Advisors LLC now owns 140,302 shares of the company’s stock worth $7,477,000 after purchasing an additional 1,660 shares in the last quarter. IHT Wealth Management LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 8.5% during the second quarter. IHT Wealth Management LLC now owns 39,751 shares of the company’s stock worth $2,118,000 after purchasing an additional 3,122 shares during the last quarter. BNP Paribas Financial Markets raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 103,318.8% during the third quarter. BNP Paribas Financial Markets now owns 187,188 shares of the company’s stock worth $10,125,000 after purchasing an additional 187,007 shares during the period. Horizon Investments LLC lifted its stake 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 purchasing an additional 19,394 shares in the last quarter. Finally, One Capital Management LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.7% in the 3rd 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 period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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.