iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Trading Down 0.8% – Should You Sell?

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB)’s stock price were down 0.8% on Tuesday . The stock traded as low as $48.58 and last traded at $48.68. Approximately 820,263 shares changed hands during mid-day trading, an increase of 30% from the average daily volume of 628,841 shares. The stock had previously closed at $49.07.

iShares 10+ Year Investment Grade Corporate Bond ETF Trading Up 0.2 %

The company’s 50-day simple moving average is $50.68 and its 200-day simple moving average is $51.57.

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

A number of large investors have recently added to or reduced their stakes in IGLB. Klaas Financial Asset Advisors LLC grew 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 purchasing an additional 1,664 shares during the last quarter. NYL Investors LLC grew its holdings in iShares 10+ Year Investment Grade Corporate Bond ETF by 0.7% in the 3rd quarter. NYL Investors LLC now owns 372,500 shares of the company’s stock valued at $19,962,000 after buying an additional 2,500 shares in the last quarter. Sunbelt Securities Inc. increased its position 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 worth $625,000 after buying an additional 8,185 shares during the period. Flow Traders U.S. LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $1,476,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 72.2% during the third quarter. JPMorgan Chase & Co. now owns 527,778 shares of the company’s stock worth $28,284,000 after buying an additional 221,370 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.