iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 1-Year Low – Here’s Why

Shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) reached a new 52-week low on Monday . The stock traded as low as $44.15 and last traded at $44.15, with a volume of 89690 shares. The stock had previously closed at $44.24.

iShares Investment Grade Systematic Bond ETF Price Performance

The stock’s 50-day moving average is $44.66 and its 200-day moving average is $45.08.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in 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 valued at $45,267,000 after purchasing an additional 131,839 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in iShares Investment Grade Systematic Bond ETF by 5.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock valued at $24,933,000 after buying an additional 26,739 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Investment Grade Systematic Bond ETF by 24.1% during the fourth quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock valued at $11,290,000 after buying an additional 48,088 shares in the last quarter. Jane Street Group LLC grew its holdings in iShares Investment Grade Systematic Bond ETF by 772.6% during the first quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock worth $6,999,000 after acquiring an additional 137,686 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in 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 worth $1,937,000 after acquiring an additional 11,094 shares during the period.

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.