First Horizon Advisors Inc. Increases Stake in iShares 10+ Year Investment Grade Corporate Bond ETF

On February 27th, 2025, it was reported that First Horizon Advisors Inc. significantly increased its investment in the iShares 10+ Year Investment Grade Corporate Bond ETF (NYSEARCA:IGLB). The firm raised its position by an impressive 3,216.4% during the fourth quarter of the previous year.

According to the latest documents filed with the Securities and Exchange Commission, First Horizon now holds 2,023 shares of the iShares 10+ Year Investment Grade Corporate Bond ETF, having purchased an additional 1,962 shares during this period. The value of these holdings is estimated at $100,000 as reported in their most recent filing.

Other Institutional Investors Increase Stakes

First Horizon is not alone in this move, as several other hedge funds have also adjusted their positions in the iShares 10+ Year Investment Grade Corporate Bond ETF. For instance, Klaas Financial Asset Advisors LLC increased its stake by 1.1% during the fourth quarter, now holding 207,026 shares valued at $10,227,000 after acquiring an additional 2,307 shares.

In another instance, NYL Investors LLC added 0.7% to its holdings in the third quarter, bringing their total to 372,500 shares worth $19,962,000 following an increase of 2,500 shares. Meanwhile, Strategic Wealth Investment Group LLC entered with a new investment in the fourth quarter, valued at approximately $189,000.

Additionally, Janney Montgomery Scott LLC raised its stake by 1.6% in the same quarter and now owns 256,121 shares, valued at $12,652,000, after acquiring an extra 4,075 shares. Finally, Sunbelt Securities Inc. saw a more substantial increase of 235.5% in its holdings during the third quarter, now possessing 11,660 shares worth $625,000.

Performance of iShares 10+ Year Investment Grade Corporate Bond ETF

As of Thursday, shares of iShares 10+ Year Investment Grade Corporate Bond ETF opened at $51.20. The ETF's performance includes a 50-day simple moving average of $49.59 and a 200-day simple moving average of $51.29. Over the past year, the ETF has recorded a low of $48.17 and a high of $54.42.

About the iShares 10+ Year Investment Grade Corporate Bond ETF

The iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) is an exchange-traded fund that aims to track the performance of US dollar-denominated, investment-grade corporate bonds with at least ten years remaining until maturity. The fund is based on the ICE BofA US Corporate (10+ Y) Index and was launched on December 8, 2009. It is managed by BlackRock.

Investment Insights

Investors interested in this ETF might want to keep an eye on the movements of other hedge funds as they adjust their investments. Such changes can provide vital insights into market trends and strategies that may impact future performance.

For anyone looking for further information on the iShares 10+ Year Investment Grade Corporate Bond ETF, several resources are available that track institutional holdings and performance metrics.

FirstHorizon, Investment, ETF