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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $42.76 and last traded at $42.7650, with a volume of 33547 shares traded. The stock had previously closed at $42.86.

iShares Investment Grade Systematic Bond ETF Trading Down 0.2%

The company has a fifty day simple moving average of $44.01 and a 200 day simple moving average of $44.64.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IGEB. Rogco LP bought a new position in iShares Investment Grade Systematic Bond ETF during the 2nd quarter worth approximately $5,060,000. NBH Bank bought a new stake in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at $220,000. Independence Bank of Kentucky bought a new stake in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at $55,000. Nations Financial Group Inc. IA ADV increased its position in shares of iShares Investment Grade Systematic Bond ETF by 15.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock worth $1,355,000 after buying an additional 4,056 shares during the period. Finally, Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter worth $77,000.

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.