iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Reaches New 12-Month Low – Time to Sell?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) shares hit a new 52-week low during trading on Monday . The company traded as low as $52.12 and last traded at $52.13, with a volume of 1374860 shares trading hands. The stock had previously closed at $52.26.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

The company’s 50 day moving average is $52.65 and its two-hundred day moving average is $53.17.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.22 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. One Capital Management LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% in the 4th quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock valued at $285,200,000 after buying an additional 284,959 shares during the period. TD Private Client Wealth LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% during the 4th quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock worth $111,741,000 after acquiring an additional 297,436 shares during the period. Horizon Investments LLC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% during the 4th quarter. Horizon Investments LLC now owns 1,080,000 shares of the company’s stock valued at $58,190,000 after acquiring an additional 20,929 shares in the last quarter. RMG Wealth Management LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $57,452,000. Finally, Bank of New York Mellon Corp raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 948,447 shares of the company’s stock worth $50,476,000 after purchasing an additional 46,214 shares in the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

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.