Prime Capital Investment Advisors LLC Reduces Stock Position in iShares Investment Grade Systematic Bond ETF $IGEB

Prime Capital Investment Advisors LLC reduced its position in shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) by 5.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,134 shares of the company’s stock after selling 1,914 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares Investment Grade Systematic Bond ETF were worth $1,596,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in shares of iShares Investment Grade Systematic Bond ETF by 23.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,862,573 shares of the company’s stock valued at $83,834,000 after purchasing an additional 358,899 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of iShares Investment Grade Systematic Bond ETF by 14.1% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,621,932 shares of the company’s stock valued at $73,003,000 after purchasing an additional 200,000 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 7.3% during the 1st quarter. LPL Financial LLC now owns 1,414,795 shares of the company’s stock valued at $63,680,000 after purchasing an additional 95,664 shares in the last quarter. Stratos Investment Management LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 6.2% during the 1st quarter. Stratos Investment Management LLC now owns 886,851 shares of the company’s stock valued at $39,917,000 after purchasing an additional 51,391 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of iShares Investment Grade Systematic Bond ETF by 10.5% during the 1st quarter. Ameriprise Financial Inc. now owns 864,507 shares of the company’s stock valued at $38,907,000 after purchasing an additional 82,438 shares in the last quarter.

iShares Investment Grade Systematic Bond ETF Stock Performance

IGEB opened at $45.94 on Thursday. The company has a fifty day moving average price of $45.77 and a 200-day moving average price of $45.06. iShares Investment Grade Systematic Bond ETF has a one year low of $43.12 and a one year high of $46.76.

iShares Investment Grade Systematic Bond ETF 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.