iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sets New 1-Year Low – Here’s What Happened

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $43.40 and last traded at $43.3850, with a volume of 84096 shares. The stock had previously closed at $43.74.

iShares Investment Grade Systematic Bond ETF Trading Down 1.0%

The company’s fifty day simple moving average is $44.13 and its 200-day simple moving average is $44.71.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. NBH Bank bought a new position in iShares Investment Grade Systematic Bond ETF in the second quarter worth approximately $220,000. Rogco LP purchased a new position in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at $5,060,000. Independence Bank of Kentucky purchased a new position in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at $55,000. Nations Financial Group Inc. IA ADV raised its position in shares of iShares Investment Grade Systematic Bond ETF by 15.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock worth $1,355,000 after acquiring an additional 4,056 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF in the 4th 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.