iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Sets New 12-Month Low – Time to Sell?

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $47.92 and last traded at $48.01, with a volume of 1237086 shares changing hands. The stock had previously closed at $48.49.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $49.44 and a 200 day simple moving average of $49.96.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. RiverFront Investment Group LLC grew its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 6.2% in the fourth quarter. RiverFront Investment Group LLC now owns 801,697 shares of the company’s stock valued at $40,446,000 after acquiring an additional 46,462 shares in the last quarter. Allstate Corp lifted its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 67.1% during the fourth quarter. Allstate Corp now owns 96,842 shares of the company’s stock worth $4,886,000 after purchasing an additional 38,888 shares in the last quarter. Mittelman Wealth Management boosted its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 22.5% in the first quarter. Mittelman Wealth Management now owns 180,799 shares of the company’s stock valued at $8,973,000 after purchasing an additional 33,156 shares during the period. Klaas Financial Asset Advisors LLC boosted its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 5.8% in the second quarter. Klaas Financial Asset Advisors LLC now owns 475,930 shares of the company’s stock valued at $23,816,000 after purchasing an additional 26,021 shares during the period. Finally, Titleist Asset Management LLC grew its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 49.8% during the 4th quarter. Titleist Asset Management LLC now owns 76,132 shares of the company’s stock valued at $3,841,000 after purchasing an additional 25,294 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.