iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $42.76 and last traded at $42.7650, with a volume of 33547 shares trading hands. The stock had previously closed at $42.86.
iShares Investment Grade Systematic Bond ETF Stock Down 0.2%
The stock has a fifty day simple moving average of $44.01 and a two-hundred day simple moving average of $44.64.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Independence Bank of Kentucky acquired a new stake in iShares Investment Grade Systematic Bond ETF in the second quarter worth $55,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares Investment Grade Systematic Bond ETF in the 4th quarter valued at about $77,000. NBH Bank acquired a new stake in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at about $220,000. PNC Financial Services Group Inc. increased its position in iShares Investment Grade Systematic Bond ETF by 19.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock valued at $375,000 after buying an additional 1,352 shares in the last quarter. Finally, Tidemark LLC increased its position in iShares Investment Grade Systematic Bond ETF by 12.5% in the 4th quarter. Tidemark LLC now owns 24,196 shares of the company’s stock valued at $1,105,000 after buying an additional 2,693 shares in the last quarter.
About iShares Investment Grade Systematic Bond ETF
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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