iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 12-Month Low – Here’s Why

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s share price hit a new 52-week low on Monday . The company traded as low as $44.17 and last traded at $44.18, with a volume of 162841 shares trading hands. The stock had previously closed at $44.36.

iShares Investment Grade Systematic Bond ETF Price Performance

The firm has a 50-day moving average price of $44.73 and a two-hundred day moving average price of $45.13.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in iShares Investment Grade Systematic Bond ETF by 772.6% in the 1st quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock valued at $6,999,000 after buying an additional 137,686 shares during the period. Ameriprise Financial Inc. increased its position in iShares Investment Grade Systematic Bond ETF by 15.3% during the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock worth $45,267,000 after purchasing an additional 131,839 shares during the last quarter. JPMorgan Chase & Co. raised 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 worth $11,290,000 after purchasing an additional 48,088 shares during the period. Janney Montgomery Scott LLC raised 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 worth $24,933,000 after purchasing an additional 26,739 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of iShares Investment Grade Systematic Bond ETF by 35.4% during the 4th quarter. Farther Finance Advisors LLC now owns 42,421 shares of the company’s stock valued at $1,937,000 after buying an additional 11,094 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.