iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Trading Down 0.8% – What’s Next?

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) traded down 0.8% on Tuesday . The company traded as low as $48.58 and last traded at $48.68. 820,263 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 628,841 shares. The stock had previously closed at $49.07.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The firm has a 50 day moving average of $50.68 and a 200-day moving average of $51.57.

Institutional Investors Weigh In On iShares 10+ Year Investment Grade Corporate Bond ETF

A number of large investors have recently bought and sold shares of IGLB. RiverFront Investment Group LLC lifted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 29.5% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,581,003 shares of the company’s stock worth $79,113,000 after acquiring an additional 360,495 shares during the period. Klaas Financial Asset Advisors LLC raised its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 0.8% during 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 in the last quarter. NYL Investors LLC lifted its stake in iShares 10+ Year Investment Grade Corporate Bond ETF by 0.7% during the third quarter. NYL Investors LLC now owns 372,500 shares of the company’s stock worth $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 3rd quarter valued at $1,476,000. Finally, Mittelman Wealth Management bought a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $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.