iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Reaches New 1-Year High – Here’s What Happened

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) hit a new 52-week high on Friday . The company traded as high as $54.57 and last traded at $54.5650, with a volume of 784903 shares trading hands. The stock had previously closed at $54.47.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

The business’s 50-day simple moving average is $54.03 and its 200 day simple moving average is $54.00.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a $0.2094 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.6%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IGIB. AMJ Financial Wealth Management raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 98.9% in the second quarter. AMJ Financial Wealth Management now owns 170,212 shares of the company’s stock valued at $9,071,000 after buying an additional 84,636 shares in the last quarter. JARISLOWSKY FRASER Ltd increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 61.2% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 89,421 shares of the company’s stock worth $4,837,000 after acquiring an additional 33,946 shares during the period. Arkadios Wealth Advisors increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 659.1% during the 3rd quarter. Arkadios Wealth Advisors now owns 67,771 shares of the company’s stock worth $3,666,000 after acquiring an additional 58,843 shares during the period. Baird Financial Group Inc. raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.4% in the 2nd quarter. Baird Financial Group Inc. now owns 514,085 shares of the company’s stock valued at $27,396,000 after acquiring an additional 11,896 shares in the last quarter. Finally, North Dallas Bank & Trust Co. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $774,000. 76.98% of the stock is currently owned by institutional investors.

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.