iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Reaches New 12-Month Low – Here’s Why

Shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $44.17 and last traded at $44.18, with a volume of 162841 shares changing hands. The stock had previously closed at $44.36.

iShares Investment Grade Systematic Bond ETF Stock Down 0.4%

The firm has a 50 day moving average price of $44.73 and a two-hundred day moving average price of $45.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IGEB. Jane Street Group LLC increased its position 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 acquiring an additional 137,686 shares in the last quarter. NewEdge Advisors LLC boosted its position in iShares Investment Grade Systematic Bond ETF by 1.7% during the 2nd quarter. NewEdge Advisors LLC now owns 17,609 shares of the company’s stock worth $800,000 after purchasing an additional 302 shares during the period. Ameriprise Financial Inc. boosted its position in 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 worth $45,267,000 after purchasing an additional 131,839 shares during the period. Flow Traders U.S. LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF in the 3rd quarter valued at $284,000. Finally, Farther Finance Advisors LLC increased its holdings in iShares Investment Grade Systematic Bond ETF by 35.4% in the 4th quarter. Farther Finance Advisors LLC now owns 42,421 shares of the company’s stock valued at $1,937,000 after purchasing an additional 11,094 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.