iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sets New 52-Week Low – Should You Sell?

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $43.79 and last traded at $43.8150, with a volume of 41621 shares. The stock had previously closed at $43.91.

iShares Investment Grade Systematic Bond ETF Trading Down 0.2%

The business has a 50-day simple moving average of $44.36 and a 200 day simple moving average of $44.88.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Independence Bank of Kentucky purchased a new position in iShares Investment Grade Systematic Bond ETF during the 2nd quarter valued at $55,000. Commonwealth Retirement Investments LLC purchased a new stake in iShares Investment Grade Systematic Bond ETF in the fourth quarter worth about $77,000. NBH Bank purchased a new stake in iShares Investment Grade Systematic Bond ETF in the second quarter worth about $220,000. Flow Traders U.S. LLC bought a new stake in iShares Investment Grade Systematic Bond ETF during the 3rd quarter valued at approximately $284,000. Finally, Stronghold Wealth Management L.L.C. purchased a new position in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter worth approximately $295,000.

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.