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

iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) shares saw unusually-high trading volume on Tuesday . Approximately 1,511,389 shares were traded during mid-day trading, an increase of 101% from the previous session’s volume of 750,518 shares.The stock last traded at $48.83 and had previously closed at $48.85.

iShares 10+ Year Investment Grade Corporate Bond ETF Price Performance

The firm has a 50-day simple moving average of $50.16 and a 200 day simple moving average of $50.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $25,000. Parallel Advisors LLC grew its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 284.2% during the 1st quarter. Parallel Advisors LLC now owns 1,460 shares of the company’s stock worth $73,000 after buying an additional 1,080 shares during the period. First Horizon Advisors Inc. increased its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 3,216.4% in the 4th quarter. First Horizon Advisors Inc. now owns 2,023 shares of the company’s stock valued at $100,000 after acquiring an additional 1,962 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $189,000. Finally, GAMMA Investing LLC lifted its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 4,922.9% during the 1st quarter. GAMMA Investing LLC now owns 5,927 shares of the company’s stock valued at $298,000 after acquiring an additional 5,809 shares during the period.

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.