iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Reaches New 12-Month Low – What’s Next?

Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $48.25 and last traded at $48.35, with a volume of 425683 shares traded. The stock had previously closed at $48.49.

iShares 10+ Year Investment Grade Corporate Bond ETF Trading Up 1.6 %

The company’s 50-day simple moving average is $50.48 and its 200-day simple moving average is $51.52.

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

Large investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in iShares 10+ Year Investment Grade Corporate Bond ETF by 235.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 11,660 shares of the company’s stock worth $625,000 after purchasing an additional 8,185 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $744,000. Flow Traders U.S. LLC bought a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $1,476,000. Klaas Financial Asset Advisors LLC boosted its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 0.8% in the third 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 during the period. Finally, Mittelman Wealth Management bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $19,383,000.

About iShares 10+ Year Investment Grade Corporate Bond ETF

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.