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

Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) saw an uptick in trading volume on Friday . 3,769,275 shares traded hands during mid-day trading, an increase of 103% from the previous session’s volume of 1,856,526 shares.The stock last traded at $48.31 and had previously closed at $48.39.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

The company’s 50 day simple moving average is $48.73 and its 200 day simple moving average is $49.57.

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

A number of hedge funds and other institutional investors have recently modified their holdings of IGLB. RiverFront Investment Group LLC raised its position in iShares 10+ Year Investment Grade Corporate Bond ETF by 6.2% in the fourth quarter. RiverFront Investment Group LLC now owns 801,697 shares of the company’s stock worth $40,446,000 after acquiring an additional 46,462 shares in the last quarter. Klaas Financial Asset Advisors LLC increased its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 5.8% in the second quarter. Klaas Financial Asset Advisors LLC now owns 475,930 shares of the company’s stock worth $23,816,000 after acquiring an additional 26,021 shares in the last quarter. Allstate Corp increased its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 67.1% in the fourth quarter. Allstate Corp now owns 96,842 shares of the company’s stock worth $4,886,000 after acquiring an additional 38,888 shares in the last quarter. Mittelman Wealth Management raised its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 22.5% during the first quarter. Mittelman Wealth Management now owns 180,799 shares of the company’s stock valued at $8,973,000 after acquiring an additional 33,156 shares during the period. Finally, Horizon Investments LLC raised its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 1.5% during the third quarter. Horizon Investments LLC now owns 509,865 shares of the company’s stock valued at $26,059,000 after acquiring an additional 7,668 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.