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

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw strong trading volume on Tuesday . 2,369,228 shares traded hands during 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 Stock Up 0.2 %

The firm’s fifty day simple moving average is $52.93 and its 200-day simple moving average is $52.24.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.1939 per share. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date was Friday, November 1st. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.47%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcend Capital Advisors LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% during the 2nd quarter. Transcend Capital Advisors LLC now owns 10,119 shares of the company’s stock valued at $519,000 after purchasing an additional 279 shares in the last quarter. Vicus Capital grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% during the third quarter. Vicus Capital now owns 12,705 shares of the company’s stock worth $683,000 after buying an additional 387 shares in the last quarter. WestEnd Advisors LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $25,000. 1620 Investment Advisors Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $35,000. Finally, Rebalance LLC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the 3rd quarter. Rebalance LLC now owns 170,103 shares of the company’s stock worth $9,138,000 after buying an additional 942 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors.

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.