iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Sees Strong Trading Volume – Should You Buy?

Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) saw an uptick in trading volume on Tuesday . 2,053,468 shares changed hands during mid-day trading, an increase of 166% from the previous session’s volume of 770,648 shares.The stock last traded at $48.39 and had previously closed at $48.66.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The company’s 50-day moving average is $49.13 and its two-hundred day moving average is $49.89.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new stake in iShares 10+ Year Investment Grade Corporate Bond ETF in the fourth quarter worth approximately $25,000. Bessemer Group Inc. bought a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the first quarter valued at approximately $41,000. Janney Montgomery Scott LLC increased its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 0.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 257,111 shares of the company’s stock worth $12,915,000 after purchasing an additional 990 shares during the period. Parallel Advisors LLC lifted its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 284.2% in the 1st quarter. Parallel Advisors LLC now owns 1,460 shares of the company’s stock worth $73,000 after acquiring an additional 1,080 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 3,216.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,023 shares of the company’s stock valued at $100,000 after buying an additional 1,962 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.