iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 1-Year Low – Here’s Why

iShares Investment Grade Systematic Bond ETF (BATS:IGEBGet Free Report)’s stock price hit a new 52-week low on Monday . The company traded as low as $44.15 and last traded at $44.15, with a volume of 89690 shares. The stock had previously closed at $44.24.

iShares Investment Grade Systematic Bond ETF Stock Performance

The firm’s 50 day moving average is $44.66 and its two-hundred day moving average is $45.08.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Retirement Investments LLC acquired a new position in iShares Investment Grade Systematic Bond ETF during the 4th quarter valued at approximately $77,000. Flow Traders U.S. LLC bought a new stake in iShares Investment Grade Systematic Bond ETF in the third quarter valued at $284,000. Stronghold Wealth Management L.L.C. bought a new stake in iShares Investment Grade Systematic Bond ETF in the fourth quarter valued at $295,000. Strategic Blueprint LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at $324,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 19.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock valued at $375,000 after acquiring an additional 1,352 shares during the period.

About iShares Investment Grade Systematic Bond ETF

(Get Free Report)

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.

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