iShares U.S. Fixed Income Balanced Risk Systematic ETF (BATS:FIBR) Trading Down 0.1% – Here’s What Happened

Shares of iShares U.S. Fixed Income Balanced Risk Systematic ETF (BATS:FIBR) traded down 0.1% during mid-day trading on Wednesday . The company traded as low as $86.6583 and last traded at $86.74. 84,216 shares changed hands during trading, an increase of 968% from the average session volume of 7,883 shares. The stock had previously closed at $86.81.

iShares U.S. Fixed Income Balanced Risk Systematic ETF Price Performance

The firm has a fifty day simple moving average of $87.42 and a 200 day simple moving average of $88.43. The company has a market capitalization of $73.73 million, a price-to-earnings ratio of 10.90 and a beta of 0.26.

Institutional Investors Weigh In On iShares U.S. Fixed Income Balanced Risk Systematic ETF

An institutional investor recently raised its position in iShares U.S. Fixed Income Balanced Risk Systematic ETF stock. Ameriprise Financial Inc. raised its position in iShares U.S. Fixed Income Balanced Risk Systematic ETF (BATS:FIBR) by 7.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 106,320 shares of the company’s stock after purchasing an additional 7,199 shares during the period. Ameriprise Financial Inc. owned 12.51% of iShares U.S. Fixed Income Balanced Risk Systematic ETF worth $9,574,000 at the end of the most recent quarter.

iShares U.S. Fixed Income Balanced Risk Systematic ETF Company Profile

The iShares U.S. Fixed Income Balanced Risk Factor ETF (FIBR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index composed of USD-denominated bonds and Treasury futures. The index seeks to equalize exposure to interest rate risk and credit risk. FIBR was launched on Feb 24, 2015 and is managed by BlackRock.