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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s share price hit a new 52-week low on Wednesday. The stock traded as low as $43.40 and last traded at $43.3850, with a volume of 84096 shares trading hands. The stock had previously closed at $43.74.

iShares Investment Grade Systematic Bond ETF Trading Down 0.6%

The company has a 50 day simple moving average of $44.08 and a 200-day simple moving average of $44.68.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in IGEB. Independence Bank of Kentucky bought a new position in iShares Investment Grade Systematic Bond ETF in the second quarter worth $55,000. PNC Financial Services Group Inc. lifted its position in iShares Investment Grade Systematic Bond ETF by 19.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after buying an additional 1,352 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF in the 4th quarter valued at about $77,000. Tidemark LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 12.5% during the fourth quarter. Tidemark LLC now owns 24,196 shares of the company’s stock worth $1,105,000 after purchasing an additional 2,693 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in shares of iShares Investment Grade Systematic Bond ETF by 15.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock valued at $1,355,000 after purchasing an additional 4,056 shares in 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.