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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw unusually-strong 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 Stock Up 0.2 %

The firm has a fifty day simple moving average of $52.93 and a 200-day simple moving average of $52.24.

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

The company also recently announced 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. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.47%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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

A number of large investors have recently modified their holdings of IGIB. TD Private Client Wealth LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 808,098 shares of the company’s stock worth $43,411,000 after buying an additional 91,761 shares during the period. Mittelman Wealth Management raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.1% in the third quarter. Mittelman Wealth Management now owns 195,971 shares of the company’s stock worth $10,528,000 after purchasing an additional 7,796 shares during the last quarter. Greenwood Gearhart Inc. raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.2% in the third 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 last quarter. IHT Wealth Management LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 758.2% in the third quarter. IHT Wealth Management LLC now owns 39,057 shares of the company’s stock valued at $2,098,000 after acquiring an additional 34,506 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 500.4% in the third quarter. Captrust Financial Advisors now owns 97,437 shares of the company’s stock valued at $5,234,000 after acquiring an additional 81,207 shares in the last quarter. Institutional investors and hedge funds 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.