iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) Sees Strong Trading Volume – Should You Buy?

by · The Cerbat Gem

Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB – Get Free Report) saw strong trading volume on Thursday . 1,747,182 shares were traded during trading, an increase of 79% from the previous session’s volume of 976,162 shares.The stock last traded at $51.1110 and had previously closed at $51.04.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The business’s 50-day moving average is $51.41 and its 200 day moving average is $50.57.

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

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. raised its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 32.5% in the 1st quarter. Ameriprise Financial Inc. now owns 1,609,795 shares of the company’s stock worth $80,866,000 after acquiring an additional 394,967 shares in the last quarter. Motley Fool Wealth Management LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the second quarter worth $12,817,000. Jones Financial Companies Lllp lifted its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 2,208.3% during the first quarter. Jones Financial Companies Lllp now owns 210,768 shares of the company’s stock valued at $10,587,000 after buying an additional 201,637 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 37.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 394,444 shares of the company’s stock valued at $20,330,000 after buying an additional 106,602 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 9.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 749,465 shares of the company’s stock worth $37,631,000 after buying an additional 67,259 shares during the period.

iShares 10+ Year Investment Grade Corporate Bond ETF Company Profile

(Get Free Report)

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.

Read More