iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $42.76 and last traded at $42.7650, with a volume of 33547 shares changing hands. The stock had previously closed at $42.86.
iShares Investment Grade Systematic Bond ETF Price Performance
The company’s 50-day moving average is $43.95 and its two-hundred day moving average is $44.61.
Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF
A number of large investors have recently added to or reduced their stakes in IGEB. Independence Bank of Kentucky purchased a new position in iShares Investment Grade Systematic Bond ETF in the 2nd quarter worth approximately $55,000. Commonwealth Retirement Investments LLC bought a new position in iShares Investment Grade Systematic Bond ETF during the 4th quarter valued at approximately $77,000. NBH Bank purchased a new position in shares of iShares Investment Grade Systematic Bond ETF during the second quarter valued at approximately $220,000. PNC Financial Services Group Inc. raised its holdings in shares of iShares Investment Grade Systematic Bond ETF by 19.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock valued at $375,000 after acquiring an additional 1,352 shares in the last quarter. Finally, Tidemark LLC lifted its stake 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 worth $1,105,000 after acquiring an additional 2,693 shares during the period.
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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