Janney Montgomery Scott LLC lowered its position in iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Free Report) by 94.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 32,295 shares of the company’s stock after selling 513,760 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Investment Grade Systematic Bond ETF were worth $1,455,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of iShares Investment Grade Systematic Bond ETF by 1.6% during the third quarter. NewEdge Advisors LLC now owns 17,887 shares of the company’s stock valued at $824,000 after acquiring an additional 278 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of iShares Investment Grade Systematic Bond ETF by 19.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after acquiring an additional 1,352 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF in the fourth quarter worth about $77,000. Tidemark LLC boosted its holdings in iShares Investment Grade Systematic Bond ETF by 12.5% in the fourth quarter. Tidemark LLC now owns 24,196 shares of the company’s stock valued at $1,105,000 after purchasing an additional 2,693 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its holdings in iShares Investment Grade Systematic Bond ETF by 15.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock valued at $1,355,000 after purchasing an additional 4,056 shares during the last quarter.
iShares Investment Grade Systematic Bond ETF Stock Down 0.2%
Shares of IGEB opened at $44.61 on Friday. The business’s 50 day moving average is $44.94 and its two-hundred day moving average is $45.32. iShares Investment Grade Systematic Bond ETF has a 52-week low of $44.40 and a 52-week high of $46.46.
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.
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Want to see what other hedge funds are holding IGEB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Free Report).
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