iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Unusually-High Trading Volume – Still a Buy?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw an uptick in trading volume on Wednesday . 1,487,665 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 1,600,328 shares.The stock last traded at $51.24 and had previously closed at $51.20.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.6 %

The firm’s fifty day moving average is $51.99 and its 200 day moving average is $52.44.

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

The firm also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1996 per share. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Wednesday, December 18th.

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

Large investors have recently modified their holdings of the business. One Capital Management LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.6% in the second quarter. One Capital Management LLC now owns 3,956,402 shares of the company’s stock valued at $202,805,000 after purchasing an additional 619,092 shares during the period. Mittelman Wealth Management grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.3% in the second quarter. Mittelman Wealth Management now owns 188,175 shares of the company’s stock valued at $9,646,000 after purchasing an additional 9,522 shares during the period. EverSource Wealth Advisors LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 56.0% in the second quarter. EverSource Wealth Advisors LLC now owns 5,199 shares of the company’s stock valued at $272,000 after buying an additional 1,867 shares during the last quarter. Toronto Dominion Bank acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $15,378,000. Finally, Sunbelt Securities Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $154,000. Hedge funds and other 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.