iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Reaches New 52-Week Low – Here’s What Happened

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB)’s share price reached a new 52-week low on Monday . The stock traded as low as $48.25 and last traded at $48.35, with a volume of 425683 shares trading hands. The stock had previously closed at $48.49.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

The company has a 50 day simple moving average of $50.59 and a two-hundred day simple moving average of $51.55.

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

A number of large investors have recently bought and sold shares of the business. RiverFront Investment Group LLC increased its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 29.5% in the second quarter. RiverFront Investment Group LLC now owns 1,581,003 shares of the company’s stock valued at $79,113,000 after purchasing an additional 360,495 shares during the last quarter. Klaas Financial Asset Advisors LLC increased its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 0.8% in the third quarter. Klaas Financial Asset Advisors LLC now owns 204,719 shares of the company’s stock valued at $10,971,000 after purchasing an additional 1,664 shares during the last quarter. NYL Investors LLC increased its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 0.7% in the third quarter. NYL Investors LLC now owns 372,500 shares of the company’s stock valued at $19,962,000 after purchasing an additional 2,500 shares during the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $1,476,000. Finally, Mittelman Wealth Management acquired a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $19,383,000.

About iShares 10+ Year Investment Grade Corporate Bond ETF

The iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) is an exchange-traded fund that is based on the ICE BofA US Corporate (10+ Y) index. The fund tracks a market-value weighted index of US dollar-denominated, investment-grade corporate debt with at least 10 years remaining in maturity. IGLB was launched on Dec 8, 2009 and is managed by BlackRock.