iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Sees Unusually-High Trading Volume

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) shares saw strong trading volume on Friday . 244,931 shares were traded during trading, a decline of 71% from the previous session’s volume of 835,559 shares.The stock last traded at $50.75 and had previously closed at $50.67.

iShares 10+ Year Investment Grade Corporate Bond ETF Trading Down 1.2 %

The company’s fifty day simple moving average is $50.11 and its 200-day simple moving average is $50.86.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. RiverFront Investment Group LLC lifted its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 13.6% during the first quarter. RiverFront Investment Group LLC now owns 1,221,286 shares of the company’s stock valued at $62,908,000 after purchasing an additional 146,470 shares in the last quarter. BNP Paribas acquired a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the first quarter valued at about $36,347,000. Janney Montgomery Scott LLC grew its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 4.2% in the first quarter. Janney Montgomery Scott LLC now owns 252,666 shares of the company’s stock valued at $13,015,000 after purchasing an additional 10,264 shares in the last quarter. Klaas Financial Asset Advisors LLC grew its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 1.5% in the first quarter. Klaas Financial Asset Advisors LLC now owns 186,287 shares of the company’s stock valued at $9,596,000 after purchasing an additional 2,822 shares in the last quarter. Finally, Allstate Corp grew its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 377.6% during the 1st quarter. Allstate Corp now owns 170,873 shares of the company’s stock worth $8,802,000 after acquiring an additional 135,099 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.