BlueStem Wealth Partners LLC Sells 16,914 Shares of iShares Investment Grade Systematic Bond ETF $IGEB

BlueStem Wealth Partners LLC cut its holdings in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) by 8.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 185,241 shares of the company’s stock after selling 16,914 shares during the period. iShares Investment Grade Systematic Bond ETF accounts for 0.9% of BlueStem Wealth Partners LLC’s investment portfolio, making the stock its 24th largest holding. BlueStem Wealth Partners LLC’s holdings in iShares Investment Grade Systematic Bond ETF were worth $8,458,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of IGEB. GPS Wealth Strategies Group LLC raised its position in shares of iShares Investment Grade Systematic Bond ETF by 347.3% during the 3rd quarter. GPS Wealth Strategies Group LLC now owns 1,342 shares of the company’s stock valued at $62,000 after buying an additional 1,042 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the 3rd quarter valued at $284,000. Stronghold Wealth Management L.L.C. bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter valued at $295,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares Investment Grade Systematic Bond ETF by 26.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,856 shares of the company’s stock valued at $316,000 after purchasing an additional 1,446 shares during the last quarter. Finally, Strategic Blueprint LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter valued at $324,000.

iShares Investment Grade Systematic Bond ETF Price Performance

Shares of iShares Investment Grade Systematic Bond ETF stock opened at $44.46 on Wednesday. iShares Investment Grade Systematic Bond ETF has a 12-month low of $44.04 and a 12-month high of $46.46. The company’s fifty day simple moving average is $45.08 and its two-hundred day simple moving average is $45.55.

iShares Investment Grade Systematic Bond ETF 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.