iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Sets New 1-Year Low – Here’s Why

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB)’s share price hit a new 52-week low on Saturday . The stock traded as low as $47.77 and last traded at $47.86, with a volume of 3856272 shares trading hands. The stock had previously closed at $48.13.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The stock’s 50 day moving average is $49.06 and its two-hundred day moving average is $49.75.

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

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC lifted its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 16.2% during the 3rd quarter. Parallel Advisors LLC now owns 3,588 shares of the company’s stock worth $185,000 after buying an additional 500 shares during the period. Creative Financial Designs Inc. ADV boosted its stake in iShares 10+ Year Investment Grade Corporate Bond ETF by 158.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,595 shares of the company’s stock valued at $80,000 after buying an additional 978 shares in the last quarter. Strategic Investment Advisors MI bought a new stake in iShares 10+ Year Investment Grade Corporate Bond ETF in the first quarter valued at $207,000. Grey Ledge Advisors LLC grew its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 842.1% in the fourth quarter. Grey Ledge Advisors LLC now owns 6,689 shares of the company’s stock valued at $337,000 after acquiring an additional 5,979 shares during the period. Finally, Cullen Frost Bankers Inc. acquired a new position in iShares 10+ Year Investment Grade Corporate Bond ETF during the fourth quarter worth $342,000.

iShares 10+ Year Investment Grade Corporate Bond ETF Company Profile

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.