iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Trading Down 0.2% – Time to Sell?

Shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) traded down 0.2% during trading on Wednesday . The stock traded as low as $44.73 and last traded at $44.75. 102,786 shares were traded during trading, a decline of 52% from the average session volume of 216,284 shares. The stock had previously closed at $44.83.

iShares Investment Grade Systematic Bond ETF Stock Performance

The firm has a fifty day moving average price of $45.05 and a 200 day moving average price of $45.45.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Several hedge funds have recently added to or reduced their stakes in the company. Nations Financial Group Inc. IA ADV boosted its holdings in iShares Investment Grade Systematic Bond ETF by 15.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock valued at $1,355,000 after acquiring an additional 4,056 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in iShares Investment Grade Systematic Bond ETF by 25.2% in the fourth quarter. NewEdge Advisors LLC now owns 22,389 shares of the company’s stock valued at $1,022,000 after acquiring an additional 4,502 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in 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 acquiring an additional 26,739 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new position in iShares Investment Grade Systematic Bond ETF in the fourth quarter valued at about $77,000. Finally, JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 48,088 shares during 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.