PNC Financial Services Group Inc. Boosts Position in iShares Investment Grade Systematic Bond ETF (BATS:IGEB)

PNC Financial Services Group Inc. boosted its holdings in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) by 31.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,738 shares of the company’s stock after buying an additional 1,363 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Investment Grade Systematic Bond ETF were worth $258,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. NorthRock Partners LLC purchased a new position in iShares Investment Grade Systematic Bond ETF in the first quarter valued at approximately $1,507,000. Rossby Financial LCC purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the first quarter valued at approximately $33,000. Rockefeller Capital Management L.P. purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at approximately $448,000. Cerity Partners LLC purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at approximately $876,000. Finally, Bank of New York Mellon Corp raised its stake in shares of iShares Investment Grade Systematic Bond ETF by 34.7% during the first quarter. Bank of New York Mellon Corp now owns 160,594 shares of the company’s stock valued at $7,228,000 after purchasing an additional 41,412 shares during the period.

iShares Investment Grade Systematic Bond ETF Trading Up 3.8%

IGEB opened at $45.47 on Friday. The firm’s 50 day moving average is $45.15 and its 200-day moving average is $44.77. iShares Investment Grade Systematic Bond ETF has a 52-week low of $43.12 and a 52-week high of $46.76.

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.