iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Sees Large Volume Increase

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) saw strong trading volume on Friday . 244,931 shares changed hands during mid-day trading, a decline of 71% from the previous session’s volume of 835,559 shares.The stock last traded at $50.75 and had previously closed at $50.67.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Down 1.2 %

The firm has a 50 day moving average of $50.11 and a 200 day moving average of $50.86.

Hedge Funds Weigh In On iShares 10+ Year Investment Grade Corporate Bond ETF

Institutional investors have recently bought and sold shares of the company. Naples Money Management LLC purchased a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the fourth quarter worth $26,000. Richardson Financial Services Inc. bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $171,000. Crescent Grove Advisors LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $245,000. Meadow Creek Wealth Advisors LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $346,000. Finally, Comerica Bank increased its stake in iShares 10+ Year Investment Grade Corporate Bond ETF by 11.3% in the first quarter. Comerica Bank now owns 14,035 shares of the company’s stock valued at $723,000 after acquiring an additional 1,423 shares during the last quarter.

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.