Janney Montgomery Scott LLC Increases Stock Position in iShares Investment Grade Systematic Bond ETF (BATS:IGEB)

Janney Montgomery Scott LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF (BATS:IGEB) by 32.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,705 shares of the company’s stock after acquiring an additional 125,680 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Investment Grade Systematic Bond ETF were worth $23,302,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IGEB. Raymond James Financial Inc. acquired a new position in iShares Investment Grade Systematic Bond ETF in the 4th quarter valued at $8,739,000. Vertex Planning Partners LLC lifted its stake in shares of iShares Investment Grade Systematic Bond ETF by 5.3% in the fourth quarter. Vertex Planning Partners LLC now owns 10,082 shares of the company’s stock worth $447,000 after acquiring an additional 504 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of iShares Investment Grade Systematic Bond ETF in the fourth quarter worth about $448,000. Commonwealth Equity Services LLC raised its stake in iShares Investment Grade Systematic Bond ETF by 44.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 44,871 shares of the company’s stock valued at $1,990,000 after buying an additional 13,704 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at approximately $876,000.

iShares Investment Grade Systematic Bond ETF Stock Up 2.4%

BATS:IGEB opened at $44.84 on Wednesday. The stock has a 50 day moving average of $44.44 and a 200-day moving average of $44.59. iShares Investment Grade Systematic Bond ETF has a 52 week low of $43.12 and a 52 week high of $46.76.

iShares Investment Grade Systematic Bond ETF 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.