iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Hits New 52-Week Low – Here’s Why

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

iShares Investment Grade Systematic Bond ETF Price Performance

The firm has a 50-day moving average price of $44.64 and a two-hundred day moving average price of $45.06.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC grew its stake in shares of 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 valued at $6,999,000 after purchasing an additional 137,686 shares during the last quarter. Ameriprise Financial Inc. raised its position in iShares Investment Grade Systematic Bond ETF by 15.3% in the 2nd 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 position in iShares Investment Grade Systematic Bond ETF by 24.1% in the 4th 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 last quarter. Janney Montgomery Scott LLC raised its position in iShares Investment Grade Systematic Bond ETF by 5.1% in the 4th 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 last quarter. Finally, Arlington Trust Co LLC acquired a new position in iShares Investment Grade Systematic Bond ETF during the 4th quarter worth $376,000.

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.