iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sets New 1-Year Low – Time to Sell?

Shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.17 and last traded at $44.18, with a volume of 16965 shares. The stock had previously closed at $44.29.

iShares Investment Grade Systematic Bond ETF Price Performance

The company has a 50 day moving average of $44.78 and a 200 day moving average of $45.16.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 1.6% during the 3rd quarter. NewEdge Advisors LLC now owns 17,887 shares of the company’s stock worth $824,000 after acquiring an additional 278 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 purchasing an additional 1,352 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in iShares Investment Grade Systematic Bond ETF during the fourth quarter worth approximately $77,000. Tidemark LLC increased its position in iShares Investment Grade Systematic Bond ETF by 12.5% during the fourth quarter. Tidemark LLC now owns 24,196 shares of the company’s stock worth $1,105,000 after purchasing an additional 2,693 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its stake in iShares Investment Grade Systematic Bond ETF by 15.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock worth $1,355,000 after purchasing an additional 4,056 shares during the period.

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.