iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Stock Price Down 0.8% – What’s Next?

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) were down 0.8% during trading on Tuesday . The company traded as low as $48.58 and last traded at $48.68. Approximately 820,263 shares were traded during mid-day trading, an increase of 30% from the average daily volume of 628,841 shares. The stock had previously closed at $49.07.

iShares 10+ Year Investment Grade Corporate Bond ETF Trading Down 0.8 %

The company’s fifty day simple moving average is $50.72 and its two-hundred day simple moving average is $51.59.

Institutional Investors Weigh In On iShares 10+ Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IGLB. JPMorgan Chase & Co. boosted its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 72.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 527,778 shares of the company’s stock worth $28,284,000 after purchasing an additional 221,370 shares during the last quarter. Sunbelt Securities Inc. boosted its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 235.5% during the third quarter. Sunbelt Securities Inc. now owns 11,660 shares of the company’s stock worth $625,000 after acquiring an additional 8,185 shares during the last quarter. Mittelman Wealth Management purchased a new stake in iShares 10+ Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $19,383,000. Flow Traders U.S. LLC acquired a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $1,476,000. Finally, NYL Investors LLC lifted its stake 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 worth $19,962,000 after purchasing an additional 2,500 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.