iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Large Volume Increase – Time to Buy?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw unusually-high trading volume on Thursday . Approximately 3,781,569 shares traded hands during trading, an increase of 85% from the previous session’s volume of 2,043,259 shares.The stock last traded at $54.0850 and had previously closed at $54.05.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.4%

The business’s fifty day moving average price is $54.09 and its 200 day moving average price is $53.54.

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

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a dividend of $0.2136 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date was Monday, December 1st.

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

Several large investors have recently added to or reduced their stakes in the business. Beacon Capital Management Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $26,000. WestEnd Advisors LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $28,000. Proathlete Wealth Management LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $40,000. Cornerstone Planning Group LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $49,000. Finally, Private Wealth Asset Management LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $62,000. 76.98% of the stock is currently owned by hedge funds and other 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.