iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Strong Trading Volume – Time to Buy?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw unusually-high trading volume on Tuesday . Approximately 2,369,228 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 1,947,464 shares.The stock last traded at $52.13 and had previously closed at $51.97.

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

The firm has a fifty day moving average of $52.87 and a 200-day moving average of $52.24.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1939 per share. This represents a $2.33 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Friday, November 1st. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. One Capital Management LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.6% during the second quarter. One Capital Management LLC now owns 3,956,402 shares of the company’s stock valued at $202,805,000 after acquiring an additional 619,092 shares during the last quarter. Haverford Trust Co raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the 3rd quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after acquiring an additional 37,657 shares during the last quarter. Greenwood Gearhart Inc. lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.2% during the 3rd quarter. Greenwood Gearhart Inc. now owns 1,101,013 shares of the company’s stock worth $59,146,000 after purchasing an additional 63,989 shares during the period. TD Private Client Wealth LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.8% during the third quarter. TD Private Client Wealth LLC now owns 808,098 shares of the company’s stock worth $43,411,000 after purchasing an additional 91,761 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.2% in the third quarter. Janney Montgomery Scott LLC now owns 586,741 shares of the company’s stock valued at $31,520,000 after purchasing an additional 152,711 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

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.