iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Shares Down 0.8% – Here’s Why

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) dropped 0.8% during mid-day trading on Tuesday . The stock traded as low as $48.58 and last traded at $48.68. Approximately 820,263 shares changed hands during mid-day trading, an increase of 30% from the average daily 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 simple moving average of $50.72 and a 200 day simple moving average of $51.59.

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

Several large investors have recently bought and sold shares of IGLB. Vantage Financial Partners LLC acquired a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the second quarter valued at about $463,000. RiverFront Investment Group LLC grew its stake in 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 valued at $79,113,000 after purchasing an additional 360,495 shares in the last quarter. Klaas Financial Asset Advisors LLC grew its stake in iShares 10+ Year Investment Grade Corporate Bond ETF by 0.8% during the 3rd 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 increased its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 0.7% during the 3rd 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. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $1,476,000.

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.