JPMorgan Chase & Co. Sells 118,220 Shares of iShares Investment Grade Systematic Bond ETF $IGEB

JPMorgan Chase & Co. decreased its holdings in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) by 37.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 199,182 shares of the company’s stock after selling 118,220 shares during the quarter. JPMorgan Chase & Co. owned 0.72% of iShares Investment Grade Systematic Bond ETF worth $9,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. CoreCap Advisors LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF during the third quarter worth approximately $35,000. GPS Wealth Strategies Group LLC boosted its stake in shares of iShares Investment Grade Systematic Bond ETF by 347.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,342 shares of the company’s stock valued at $62,000 after buying an additional 1,042 shares during the period. GoalVest Advisory LLC bought a new stake in shares of iShares Investment Grade Systematic Bond ETF in the third quarter valued at approximately $166,000. Flow Traders U.S. LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF during the third quarter worth approximately $284,000. Finally, PNC Financial Services Group Inc. grew its position in iShares Investment Grade Systematic Bond ETF by 26.7% during the third quarter. PNC Financial Services Group Inc. now owns 6,856 shares of the company’s stock worth $316,000 after buying an additional 1,446 shares in the last quarter.

iShares Investment Grade Systematic Bond ETF Stock Performance

iShares Investment Grade Systematic Bond ETF stock opened at $44.63 on Monday. The stock’s fifty day moving average price is $45.60 and its two-hundred day moving average price is $45.80. iShares Investment Grade Systematic Bond ETF has a one year low of $43.12 and a one year 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.