iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $51.56 and traded as low as $51.48. iShares 10+ Year Investment Grade Corporate Bond ETF shares last traded at $51.71, with a volume of 549,288 shares trading hands.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The business’s 50 day simple moving average is $51.87 and its 200 day simple moving average is $51.56.

Institutional Trading of iShares 10+ Year Investment Grade Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the company. RiverFront Investment Group LLC lifted its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 29.5% during the 2nd quarter. RiverFront Investment Group LLC now owns 1,581,003 shares of the company’s stock worth $79,113,000 after buying an additional 360,495 shares during the last quarter. NYL Investors LLC boosted its holdings in shares of 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 worth $19,962,000 after buying an additional 2,500 shares during the period. Mittelman Wealth Management bought a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $19,383,000. Klaas Financial Asset Advisors LLC boosted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 0.8% during the 3rd quarter. Klaas Financial Asset Advisors LLC now owns 204,719 shares of the company’s stock worth $10,971,000 after buying an additional 1,664 shares during the period. Finally, Carolina Wealth Advisors LLC boosted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 6.2% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 131,194 shares of the company’s stock worth $6,565,000 after buying an additional 7,666 shares during the period.

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.