iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Hits New 52-Week Low – Time to Sell?

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $44.17 and last traded at $44.18, with a volume of 162841 shares trading hands. The stock had previously closed at $44.36.

iShares Investment Grade Systematic Bond ETF Stock Up 0.2%

The business’s 50 day moving average is $44.70 and its 200-day moving average is $45.11.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Several institutional investors have recently modified their holdings of IGEB. Ameriprise Financial Inc. raised its position in shares of iShares Investment Grade Systematic Bond ETF by 15.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock worth $45,267,000 after purchasing an additional 131,839 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in iShares Investment Grade Systematic Bond ETF by 5.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock worth $24,933,000 after buying an additional 26,739 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Investment Grade Systematic Bond ETF by 24.1% during the 4th quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock worth $11,290,000 after buying an additional 48,088 shares in the last quarter. Jane Street Group LLC increased its stake in iShares Investment Grade Systematic Bond ETF by 772.6% during the 1st quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock worth $6,999,000 after buying an additional 137,686 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of iShares Investment Grade Systematic Bond ETF by 35.4% during the fourth 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 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.