iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Trading Down 0.5% – Here’s What Happened

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) fell 0.5% during trading on Tuesday . The company traded as low as $45.71 and last traded at $45.5250. 117,526 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 244,731 shares. The stock had previously closed at $45.75.

iShares Investment Grade Systematic Bond ETF Stock Performance

The business’s 50-day simple moving average is $45.77 and its 200-day simple moving average is $45.73.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF during the 3rd quarter worth about $35,000. GPS Wealth Strategies Group LLC grew its holdings in iShares Investment Grade Systematic Bond ETF by 347.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,342 shares of the company’s stock worth $62,000 after acquiring an additional 1,042 shares during the period. GoalVest Advisory LLC purchased a new position in iShares Investment Grade Systematic Bond ETF during the third quarter valued at approximately $166,000. Flow Traders U.S. LLC purchased a new position in iShares Investment Grade Systematic Bond ETF during the third quarter valued at approximately $284,000. Finally, PNC Financial Services Group Inc. boosted its position in iShares Investment Grade Systematic Bond ETF by 26.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,856 shares of the company’s stock worth $316,000 after purchasing an additional 1,446 shares in the last quarter.

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.