iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 52-Week Low – Here’s What Happened

Shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.17 and last traded at $44.18, with a volume of 16965 shares. The stock had previously closed at $44.29.

iShares Investment Grade Systematic Bond ETF Price Performance

The company has a fifty day simple moving average of $44.80 and a two-hundred day simple moving average of $45.18.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

A number of large investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in iShares Investment Grade Systematic Bond ETF by 35.4% during the 4th quarter. Farther Finance Advisors LLC now owns 42,421 shares of the company’s stock valued at $1,937,000 after acquiring an additional 11,094 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 24.1% in the fourth quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock valued at $11,290,000 after purchasing an additional 48,088 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 5.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock valued at $24,933,000 after purchasing an additional 26,739 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Investment Grade Systematic Bond ETF by 15.3% in the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock valued at $45,267,000 after purchasing an additional 131,839 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of iShares Investment Grade Systematic Bond ETF by 25.2% during the 4th quarter. NewEdge Advisors LLC now owns 22,389 shares of the company’s stock worth $1,022,000 after purchasing an additional 4,502 shares in the last quarter.

iShares Investment Grade Systematic Bond ETF Company Profile

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. IGEB was launched on Jul 11, 2017 and is managed by BlackRock.