iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report)’s share price traded up 0.1% on Thursday. The stock traded as high as $43.60 and last traded at $43.56. 213,908 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 252,218 shares. The stock had previously closed at $43.51.
iShares Investment Grade Systematic Bond ETF Trading Down 0.0%
The company’s 50-day moving average price is $43.34 and its 200-day moving average price is $44.62.
Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in IGEB. Rogco LP acquired a new stake in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at about $5,060,000. Capital Square LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the third quarter worth about $219,000. NBH Bank bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the second quarter worth about $220,000. Stronghold Wealth Management L.L.C. grew its holdings in shares of iShares Investment Grade Systematic Bond ETF by 62.4% during the third quarter. Stronghold Wealth Management L.L.C. now owns 10,846 shares of the company’s stock worth $464,000 after buying an additional 4,169 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the second quarter worth about $55,000.
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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