iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $43.40 and last traded at $43.3850, with a volume of 84096 shares traded. The stock had previously closed at $43.74.
iShares Investment Grade Systematic Bond ETF Stock Down 1.0%
The company’s 50 day moving average is $44.13 and its 200 day moving average is $44.71.
Institutional Trading of iShares Investment Grade Systematic Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. Rogco LP purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF in the second quarter valued at approximately $5,060,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 15.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock worth $1,355,000 after buying an additional 4,056 shares during the period. Tidemark LLC lifted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 12.5% in the 4th quarter. Tidemark LLC now owns 24,196 shares of the company’s stock worth $1,105,000 after buying an additional 2,693 shares during the period. PNC Financial Services Group Inc. grew its position in shares of iShares Investment Grade Systematic Bond ETF by 19.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after buying an additional 1,352 shares in the last quarter. Finally, NBH Bank bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the 2nd quarter worth $220,000.
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.
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