JPMorgan Chase & Co. Trims Stake in iShares Investment Grade Systematic Bond ETF $IGEB

JPMorgan Chase & Co. cut its position in shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) by 37.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 199,182 shares of the company’s stock after selling 118,220 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Investment Grade Systematic Bond ETF were worth $9,171,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew 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 valued at $45,267,000 after acquiring an additional 131,839 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 14.6% during the second quarter. Bank of New York Mellon Corp now owns 184,007 shares of the company’s stock worth $8,361,000 after purchasing an additional 23,413 shares during the last quarter. Jane Street Group LLC boosted 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 period. Hoese & Co LLP grew its holdings in shares of iShares Investment Grade Systematic Bond ETF by 27.0% in the third quarter. Hoese & Co LLP now owns 75,609 shares of the company’s stock worth $3,481,000 after purchasing an additional 16,090 shares during the last quarter. Finally, FreeGulliver LLC increased its stake in iShares Investment Grade Systematic Bond ETF by 2.0% in the 2nd quarter. FreeGulliver LLC now owns 53,387 shares of the company’s stock worth $2,426,000 after buying an additional 1,044 shares during the period.

iShares Investment Grade Systematic Bond ETF Trading Down 0.3%

Shares of IGEB opened at $45.52 on Friday. iShares Investment Grade Systematic Bond ETF has a 1-year low of $43.12 and a 1-year high of $46.46. The company has a 50-day moving average of $45.80 and a 200 day moving average of $45.87.

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.