iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sets New 52-Week Low – Here’s What Happened

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $44.39 and last traded at $44.40, with a volume of 43604 shares trading hands. The stock had previously closed at $44.47.

iShares Investment Grade Systematic Bond ETF Trading Down 0.1%

The business has a fifty day moving average of $44.87 and a 200-day moving average of $45.26.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Hedge funds have recently made changes to their positions in the business. Commonwealth Retirement Investments LLC bought a new stake in shares of iShares Investment Grade Systematic Bond ETF in the 4th quarter worth approximately $77,000. Flow Traders U.S. LLC acquired a new position in iShares Investment Grade Systematic Bond ETF in the third quarter worth approximately $284,000. Stronghold Wealth Management L.L.C. acquired a new position in iShares Investment Grade Systematic Bond ETF in the fourth quarter worth approximately $295,000. Strategic Blueprint LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF in the fourth quarter valued at $324,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of iShares Investment Grade Systematic Bond ETF by 19.7% in the fourth 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.

iShares Investment Grade Systematic Bond ETF Company Profile

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.