iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Reaches New 52-Week Low – Here’s What Happened

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $47.23 and last traded at $47.2350, with a volume of 105510 shares trading hands. The stock had previously closed at $47.63.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Down 0.8%

The stock has a fifty day moving average of $48.30 and a 200-day moving average of $49.36.

Institutional Investors Weigh In On iShares 10+ Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $33,000. Strive Financial Group LLC purchased a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $40,000. Creative Financial Designs Inc. ADV increased its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 158.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,595 shares of the company’s stock worth $80,000 after buying an additional 978 shares during the period. Parallel Advisors LLC raised its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 16.2% in the third quarter. Parallel Advisors LLC now owns 3,588 shares of the company’s stock valued at $185,000 after acquiring an additional 500 shares in the last quarter. Finally, Strategic Investment Advisors MI acquired a new stake in iShares 10+ Year Investment Grade Corporate Bond ETF in the first quarter valued at approximately $207,000.

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.