iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Share Price Pass Below 200-Day Moving Average – Time to Sell?

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $51.56 and traded as low as $51.48. iShares 10+ Year Investment Grade Corporate Bond ETF shares last traded at $51.71, with a volume of 549,288 shares traded.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

The business’s 50 day moving average price is $51.96 and its 200 day moving average price is $51.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank lifted its position in shares of 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. Klaas Financial Asset Advisors LLC lifted its position in shares of 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 buying an additional 1,664 shares in the last quarter. NYL Investors LLC lifted its position in shares of 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 valued at $19,962,000 after buying an additional 2,500 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at approximately $229,000. Finally, Carolina Wealth Advisors LLC lifted its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 6.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 131,194 shares of the company’s stock valued at $6,565,000 after buying an additional 7,666 shares in 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.