RiverFront Investment Group LLC Buys 93,416 Shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB)

RiverFront Investment Group LLC raised its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB) by 9.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,074,816 shares of the company’s stock after buying an additional 93,416 shares during the quarter. iShares 10+ Year Investment Grade Corporate Bond ETF makes up about 1.8% of RiverFront Investment Group LLC’s holdings, making the stock its 19th largest holding. RiverFront Investment Group LLC’s holdings in iShares 10+ Year Investment Grade Corporate Bond ETF were worth $56,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of IGLB. Bank of New York Mellon Corp boosted its holdings in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 1,261.5% in the third quarter. Bank of New York Mellon Corp now owns 103,557 shares of the company’s stock worth $4,882,000 after buying an additional 95,951 shares during the last quarter. NBT Bank N A NY grew its position in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 52.1% during the 3rd quarter. NBT Bank N A NY now owns 9,435 shares of the company’s stock valued at $445,000 after acquiring an additional 3,230 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 66.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 229,903 shares of the company’s stock worth $10,838,000 after purchasing an additional 91,380 shares in the last quarter. NYL Investors LLC increased its stake in shares of iShares 10+ Year Investment Grade Corporate Bond ETF by 1.7% in the 3rd quarter. NYL Investors LLC now owns 667,400 shares of the company’s stock worth $31,461,000 after purchasing an additional 11,200 shares in the last quarter. Finally, Meadow Creek Wealth Advisors LLC bought a new position in iShares 10+ Year Investment Grade Corporate Bond ETF in the 4th quarter worth $346,000.

iShares 10+ Year Investment Grade Corporate Bond ETF Stock Performance

NYSEARCA:IGLB traded up $0.25 during mid-day trading on Friday, hitting $48.89. 457,196 shares of the company traded hands, compared to its average volume of 986,169. The stock’s fifty day moving average price is $50.43 and its 200-day moving average price is $50.04. iShares 10+ Year Investment Grade Corporate Bond ETF has a one year low of $44.46 and a one year high of $53.36.

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.