iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Reaches New 1-Year Low – Time to Sell?

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) hit a new 52-week low during trading on Monday . The stock traded as low as $52.13 and last traded at $52.14, with a volume of 76690 shares. The stock had previously closed at $52.29.

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

The firm’s fifty day simple moving average is $52.82 and its 200 day simple moving average is $53.32.

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

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2155 dividend. The ex-dividend date was Wednesday, July 1st.

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 added to or reduced their stakes in the company. Archer Investment Corp increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after acquiring an additional 446 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $40,000. IFC & Insurance Marketing Inc. bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $45,000. Birchwood Financial Partners Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $54,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $89,000. 76.98% of the stock is owned by institutional investors.

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.