iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 52-Week Low – Here’s What Happened

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) hit a new 52-week low on Monday . The stock traded as low as $44.17 and last traded at $44.18, with a volume of 16965 shares. The stock had previously closed at $44.29.

iShares Investment Grade Systematic Bond ETF Price Performance

The business’s 50-day moving average is $44.80 and its two-hundred day moving average is $45.18.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Several hedge funds have recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter worth about $77,000. Flow Traders U.S. LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF in the third quarter valued at about $284,000. Stronghold Wealth Management L.L.C. acquired a new stake in iShares Investment Grade Systematic Bond ETF in the fourth quarter valued at about $295,000. Strategic Blueprint LLC purchased a new stake in iShares Investment Grade Systematic Bond ETF in the 4th quarter valued at approximately $324,000. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares Investment Grade Systematic Bond ETF by 19.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock valued at $375,000 after purchasing an additional 1,352 shares in the last quarter.

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.