iShares Core 10+ Year USD Bond ETF (NYSEARCA:ILTB) Sets New 1-Year Low – Should You Sell?

Shares of iShares Core 10+ Year USD Bond ETF (NYSEARCA:ILTB) hit a new 52-week low on Wednesday . The stock traded as low as $46.14 and last traded at $46.1110, with a volume of 29865 shares traded. The stock had previously closed at $46.87.

iShares Core 10+ Year USD Bond ETF Stock Performance

The company has a 50-day moving average of $47.25 and a 200-day moving average of $48.37.

Hedge Funds Weigh In On iShares Core 10+ Year USD Bond ETF

Several hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares Core 10+ Year USD Bond ETF by 2,249,694.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,724,569 shares of the company’s stock worth $234,811,000 after purchasing an additional 4,724,359 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in iShares Core 10+ Year USD Bond ETF by 27.3% in the 1st quarter. Arkadios Wealth Advisors now owns 91,731 shares of the company’s stock valued at $4,493,000 after purchasing an additional 19,685 shares in the last quarter. Grey Fox Wealth Advisors LLC lifted its holdings in iShares Core 10+ Year USD Bond ETF by 118.4% in the 4th quarter. Grey Fox Wealth Advisors LLC now owns 17,704 shares of the company’s stock valued at $880,000 after purchasing an additional 9,599 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in iShares Core 10+ Year USD Bond ETF during the 4th quarter worth $459,000. Finally, Bank of America Corp DE boosted its stake in iShares Core 10+ Year USD Bond ETF by 0.4% during the 1st quarter. Bank of America Corp DE now owns 2,166,774 shares of the company’s stock worth $106,129,000 after purchasing an additional 8,171 shares during the last quarter.

About iShares Core 10+ Year USD Bond ETF

iShares Core Long-Term U.S. Bond ETF (the Fund), formerly iShares 10+ Year Government/Credit Bond Fund, seeks investment results that correspond generally to the price and yield performance of the long-term, investment-grade United States corporate and government bond markets as defined by the BofA Merrill Lynch 10+ Year US Corporate & Government Index (the Index). The Index includes publicly issued United States Treasury debt, the United States Government agency debt, taxable debt issued by the United States states and territories and their political subdivisions, debt issued by the United States and non-United States corporations, non- United States Government debt and supranational debt.