RiverFront Investment Group LLC Raises Stock Position in iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB)

RiverFront Investment Group LLC increased its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) by 29.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,581,003 shares of the company’s stock after acquiring an additional 360,495 shares during the quarter. iShares 10+ Year Investment Grade Corporate Bond ETF comprises 2.1% of RiverFront Investment Group LLC’s holdings, making the stock its 14th biggest position. RiverFront Investment Group LLC owned 3.59% of iShares 10+ Year Investment Grade Corporate Bond ETF worth $79,113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IGLB. Richardson Financial Services Inc. acquired a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the fourth quarter worth $171,000. Comerica Bank increased its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 11.3% during the 1st quarter. Comerica Bank now owns 14,035 shares of the company’s stock valued at $723,000 after buying an additional 1,423 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in iShares 10+ Year Investment Grade Corporate Bond ETF in the second quarter valued at about $229,000. Carolina Wealth Advisors LLC boosted its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 5.4% in the first quarter. Carolina Wealth Advisors LLC now owns 123,528 shares of the company’s stock worth $6,363,000 after acquiring an additional 6,328 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 4.2% in the first quarter. Janney Montgomery Scott LLC now owns 252,666 shares of the company’s stock worth $13,015,000 after acquiring an additional 10,264 shares in the last quarter.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

Shares of IGLB stock opened at $53.74 on Wednesday. The stock’s 50-day simple moving average is $52.61 and its 200-day simple moving average is $51.09. iShares 10+ Year Investment Grade Corporate Bond ETF has a fifty-two week low of $44.46 and a fifty-two week high of $54.42.

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.