iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sets New 1-Year Low – Time to Sell?

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.39 and last traded at $44.40, with a volume of 43604 shares traded. The stock had previously closed at $44.47.

iShares Investment Grade Systematic Bond ETF Trading Down 0.1%

The firm has a fifty day moving average price of $44.87 and a 200 day moving average price of $45.26.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in shares of 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 worth $6,999,000 after buying an additional 137,686 shares during the period. NewEdge Advisors LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 1.7% in the 2nd quarter. NewEdge Advisors LLC now owns 17,609 shares of the company’s stock valued at $800,000 after acquiring an additional 302 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of 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 in the last quarter. Flow Traders U.S. LLC acquired a new position in iShares Investment Grade Systematic Bond ETF in the 3rd quarter worth approximately $284,000. Finally, Hoese & Co LLP boosted its stake in iShares Investment Grade Systematic Bond ETF by 46.8% in the 4th quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock worth $5,067,000 after purchasing an additional 35,387 shares during the period.

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.