iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 12-Month Low – Should You Sell?

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s share price reached a new 52-week low during trading on Wednesday . The company 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 Stock Performance

The firm has a 50-day moving average of $44.31 and a two-hundred day moving average of $44.85.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its holdings in 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 buying an additional 137,686 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares Investment Grade Systematic Bond ETF by 15.3% during 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. Rogco LP acquired a new position in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at $5,060,000. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 48,088 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of 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.

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.