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

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

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

The business has a 50 day moving average price of $50.48 and a 200-day moving average price of $51.52.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Klaas Financial Asset Advisors LLC lifted its position 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 last quarter. NYL Investors LLC lifted its holdings in 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 purchasing an additional 2,500 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 235.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 11,660 shares of the company’s stock valued at $625,000 after purchasing an additional 8,185 shares during the last quarter. ORG Partners LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF during the fourth quarter worth $744,000. Finally, Flow Traders U.S. LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF during the third quarter worth $1,476,000.

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.