iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Reaches New 52-Week Low – Should You Sell?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $52.36 and last traded at $52.39, with a volume of 377326 shares traded. The stock had previously closed at $52.47.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.3%

The stock has a 50 day simple moving average of $52.87 and a two-hundred day simple moving average of $53.39.

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

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.2155 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Large investors have recently bought and sold shares of the business. One Capital Management LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% during the 4th quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock worth $285,200,000 after purchasing an additional 284,959 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock valued at $111,741,000 after buying an additional 297,436 shares during the last quarter. Klaas Financial Asset Advisors LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.2% during the fourth quarter. Klaas Financial Asset Advisors LLC now owns 1,680,245 shares of the company’s stock worth $90,532,000 after buying an additional 67,993 shares during the period. Horizon Investments LLC boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% during the fourth quarter. Horizon Investments LLC now owns 1,080,000 shares of the company’s stock worth $58,190,000 after buying an additional 20,929 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter worth about $57,452,000. 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.