iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,550,000 shares, a drop of 28.6% from the February 28th total of 2,170,000 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,971,300 shares, the days-to-cover ratio is currently 0.8 days.
iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.2 %
Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $52.52 on Tuesday. The business’s fifty day moving average price is $52.09 and its 200 day moving average price is $52.28. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.91 and a twelve month high of $54.10.
iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend
The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.1981 dividend. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, March 3rd.
Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF
A number of institutional investors have recently modified their holdings of the company. One Capital Management LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.3% during the fourth quarter. One Capital Management LLC now owns 4,548,612 shares of the company’s stock valued at $234,299,000 after buying an additional 57,363 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,283,422 shares of the company’s stock valued at $220,612,000 after purchasing an additional 137,095 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock valued at $131,479,000 after purchasing an additional 1,399,131 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 13.9% during the 4th quarter. Bank of New York Mellon Corp now owns 1,799,643 shares of the company’s stock valued at $92,700,000 after purchasing an additional 219,961 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 1,513,256 shares of the company’s stock worth $77,948,000 after buying an additional 9,126 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.
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.
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