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

Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) saw strong trading volume on Wednesday . 330,949 shares changed hands during trading, a decline of 67% from the previous session’s volume of 989,842 shares.The stock last traded at $48.94 and had previously closed at $48.62.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The company has a 50 day simple moving average of $50.67 and a 200 day simple moving average of $49.90.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Carolina Wealth Advisors LLC increased its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 5.4% during the 1st quarter. Carolina Wealth Advisors LLC now owns 123,528 shares of the company’s stock worth $6,363,000 after purchasing an additional 6,328 shares during the last quarter. Richardson Financial Services Inc. acquired a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $171,000. Janney Montgomery Scott LLC increased its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 242,402 shares of the company’s stock worth $12,773,000 after purchasing an additional 12,499 shares during the last quarter. RiverFront Investment Group LLC increased its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 9.5% during the 4th quarter. RiverFront Investment Group LLC now owns 1,074,816 shares of the company’s stock worth $56,632,000 after purchasing an additional 93,416 shares during the last quarter. Finally, Naples Money Management LLC acquired a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $26,000.

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.