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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $43.79 and last traded at $43.8150, with a volume of 41621 shares. The stock had previously closed at $43.91.

iShares Investment Grade Systematic Bond ETF Trading Down 0.2%

The stock’s fifty day moving average price is $44.36 and its 200 day moving average price is $44.88.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Independence Bank of Kentucky purchased a new position in shares of iShares Investment Grade Systematic Bond ETF during the second quarter valued at approximately $55,000. Commonwealth Retirement Investments LLC bought a new stake in iShares Investment Grade Systematic Bond ETF in the fourth quarter worth $77,000. NBH Bank purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF in the second quarter worth $220,000. Flow Traders U.S. LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the third quarter valued at $284,000. Finally, Stronghold Wealth Management L.L.C. bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at $295,000.

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.