iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Reaches New 52-Week Low – Here’s What Happened

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $51.84 and last traded at $51.85, with a volume of 234099 shares trading hands. The stock had previously closed at $52.19.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

The business’s 50 day moving average is $52.47 and its two-hundred day moving average is $53.04.

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

The business also recently declared a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.2219 per share. 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 is Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth $43,000. Continuum Advisory LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $235,000. CoreCap Advisors LLC grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.6% in the 2nd quarter. CoreCap Advisors LLC now owns 183,028 shares of the company’s stock worth $9,732,000 after purchasing an additional 20,520 shares during the last quarter. Essential Partners LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter worth approximately $783,000. Finally, Strategic Investment Advisors MI lifted its stake in 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 during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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.