iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Hits New 52-Week Low – Time to Sell?

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) hit a new 52-week low during trading on Tuesday . The company traded as low as $43.93 and last traded at $43.95, with a volume of 3175 shares trading hands. The stock had previously closed at $44.26.

iShares Investment Grade Systematic Bond ETF Stock Performance

The firm has a 50 day moving average price of $44.46 and a two-hundred day moving average price of $44.94.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in shares of iShares Investment Grade Systematic Bond ETF by 772.6% in 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 period. Ameriprise Financial Inc. boosted its holdings 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 buying an additional 131,839 shares during the period. Rogco LP purchased a new position in iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at approximately $5,060,000. JPMorgan Chase & Co. grew its stake 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 valued at $11,290,000 after buying an additional 48,088 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in iShares Investment Grade Systematic Bond ETF by 5.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock valued at $24,933,000 after acquiring an additional 26,739 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.