iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Hits New 12-Month Low – Here’s Why

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $46.87 and last traded at $46.99, with a volume of 6275581 shares changing hands. The stock had previously closed at $47.72.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

The firm’s fifty day moving average price is $47.83 and its 200 day moving average price is $49.04.

Institutional Trading of iShares 10+ Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC purchased a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the second quarter valued at about $33,000. Strive Financial Group LLC purchased a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $40,000. Strategic Investment Advisors MI acquired a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the 1st quarter valued at about $207,000. Mittelman Wealth Management lifted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 22.5% during the 1st quarter. Mittelman Wealth Management now owns 180,799 shares of the company’s stock valued at $8,973,000 after buying an additional 33,156 shares during the last quarter. Finally, Klaas Financial Asset Advisors LLC grew its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 5.8% in the 2nd quarter. Klaas Financial Asset Advisors LLC now owns 475,930 shares of the company’s stock valued at $23,816,000 after buying an additional 26,021 shares in the last quarter.

About iShares 10+ Year Investment Grade Corporate Bond ETF

(Get Free Report)

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.

Further Reading

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