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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw strong trading volume on Tuesday . 3,489,698 shares were traded during mid-day trading, an increase of 71% from the previous session’s volume of 2,037,018 shares.The stock last traded at $52.51 and had previously closed at $52.52.

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

The company has a fifty day moving average price of $52.09 and a two-hundred day moving average price of $52.28.

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

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1981 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IGIB. SBI Securities Co. Ltd. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after buying an additional 780 shares during the period. SouthState Corp acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $63,000. General Partner Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $86,000. Finally, Providence First Trust Co acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $103,000. 76.98% of the stock is 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.