iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Shares Down 0.5% – Time to Sell?

iShares Investment Grade Systematic Bond ETF (BATS:IGEB)’s stock price dropped 0.5% on Tuesday . The stock traded as low as $45.71 and last traded at $45.5250. Approximately 117,526 shares were traded during trading, a decline of 52% from the average daily volume of 244,731 shares. The stock had previously closed at $45.75.

iShares Investment Grade Systematic Bond ETF Trading Down 0.5%

The stock’s fifty day moving average is $45.77 and its 200-day moving average is $45.73.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in iShares Investment Grade Systematic Bond ETF by 15.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock worth $45,267,000 after purchasing an additional 131,839 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares Investment Grade Systematic Bond ETF by 47.0% in the second quarter. JPMorgan Chase & Co. now owns 317,402 shares of the company’s stock valued at $14,423,000 after buying an additional 101,479 shares in the last quarter. BlueStem Wealth Partners LLC increased its position in shares of iShares Investment Grade Systematic Bond ETF by 18.2% in the third quarter. BlueStem Wealth Partners LLC now owns 202,155 shares of the company’s stock valued at $9,308,000 after buying an additional 31,151 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares Investment Grade Systematic Bond ETF by 14.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 184,007 shares of the company’s stock worth $8,361,000 after buying an additional 23,413 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 772.6% during the 1st quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock valued at $6,999,000 after buying an additional 137,686 shares in the last quarter.

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.