iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Strong Trading Volume After Dividend Announcement

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 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.

The newly announced dividend which will be paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st will be issued a $0.2004 dividend. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.41 annualized dividend and a yield of 4.58%. The ex-dividend date is Tuesday, April 1st.

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

The stock’s fifty day moving average price is $52.13 and its two-hundred day moving average price is $52.27.

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

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $28,000. MassMutual Private Wealth & Trust FSB grew its position in 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 acquiring an additional 780 shares during the last quarter. SouthState Corp bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $63,000. General Partner Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $86,000. Finally, Providence First Trust Co bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $103,000. Institutional investors and hedge funds 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.