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) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $47.92 and last traded at $48.01, with a volume of 1237086 shares traded. The stock had previously closed at $48.49.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The firm has a 50 day moving average of $49.49 and a 200-day moving average of $50.00.

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

A number of institutional investors have recently modified their holdings of IGLB. Klaas Financial Asset Advisors LLC grew its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 5.8% during the 2nd quarter. Klaas Financial Asset Advisors LLC now owns 475,930 shares of the company’s stock worth $23,816,000 after purchasing an additional 26,021 shares in the last quarter. Strategic Investment Advisors MI acquired a new stake in iShares 10+ Year Investment Grade Corporate Bond ETF during the first quarter worth about $207,000. Mittelman Wealth Management grew its stake in iShares 10+ Year Investment Grade Corporate Bond ETF by 22.5% during the first quarter. Mittelman Wealth Management now owns 180,799 shares of the company’s stock worth $8,973,000 after buying an additional 33,156 shares in the last quarter. Hilltop Holdings Inc. bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $1,223,000. Finally, Titleist Asset Management LLC increased its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 49.8% in the 4th quarter. Titleist Asset Management LLC now owns 76,132 shares of the company’s stock valued at $3,841,000 after buying an additional 25,294 shares during the period.

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.