iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Unusually-High Trading Volume – Still a Buy?

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) shares saw an uptick in trading volume on Wednesday . 1,487,665 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 1,600,328 shares.The stock last traded at $51.24 and had previously closed at $51.20.

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

The company’s 50-day moving average price is $51.99 and its 200-day moving average price is $52.44.

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

The firm also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.1996 per share. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

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

A number of large investors have recently made changes to their positions in IGIB. WestEnd Advisors LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $25,000. Centennial Bank AR purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $66,000. General Partner Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $86,000. S.A. Mason LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $92,000. Finally, Sunbelt Securities Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $154,000. 76.98% of the stock is currently owned by hedge funds and other 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.