iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sets New 12-Month Low – Should You Sell?

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

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.4%

The stock has a fifty day simple moving average of $52.80 and a two-hundred day simple moving average of $53.29.

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

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 6th. Investors of record on Monday, August 3rd will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a yield of 5.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. RMG Wealth Management LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at approximately $57,452,000. One Capital Management LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 10.7% in the third quarter. One Capital Management LLC now owns 5,008,290 shares of the company’s stock valued at $270,898,000 after buying an additional 482,449 shares in the last quarter. TD Private Client Wealth LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock valued at $111,741,000 after buying an additional 297,436 shares in the last quarter. BNP Paribas Financial Markets boosted its position in 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 valued at $10,125,000 after buying an additional 187,007 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 52.7% during the fourth quarter. JPMorgan Chase & Co. now owns 475,638 shares of the company’s stock worth $25,627,000 after buying an additional 164,156 shares during the last quarter. 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.