IGEB Stock Summary and Trading Ideas (iShares Investment Grade Systematic Bond ETF | BATS:IGEB)

The iShares Investment Grade Systematic Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds. The Fund seeks to track the investment results of the BlackRock Investment Grade Systematic Bond Index (the Underlying Index ), which consists of U.S. dollar-denominated, investment grade corporate bonds. The BlackRock Investment Grade Systematic Bond Index measures the performance of a strategy that starts with a broad, market value weighted universe of U.S. dollar-denominated investment grade corporates.

iShares Investment Grade Systematic Bond ETF trades on the BATS stock market under the symbol IGEB.

As of April 24, 2024, IGEB stock price declined to $43.57 with 52,449 million shares trading.

IGEB has a beta of 0.35, meaning it tends to be less sensitive to market movements. IGEB has a correlation of 0.35 to the broad based SPY ETF.

IGEB has a market cap of $644.84 million. This is considered a Small Cap stock.

In the last 3 years, IGEB stock traded as high as $54.90 and as low as $41.15.

IGEB has underperformed the market in the last year with a return of +2.3%, while the SPY ETF gained +24.1%. In the last 3 month period, IGEB fell short of the market, returning -1.3%, while SPY returned +4.5%. However, in the most recent 2 weeks IGEB has outperformed the stock market by returning -0.7%, while SPY returned -1.7%.

IGEB support price is $43.50 and resistance is $43.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGEB stock will trade within this expected range on the day.