iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 12-Month Low – Here’s Why

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as $44.12 and last traded at $44.66, with a volume of 148962 shares changing hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Performance

The company has a 50 day simple moving average of $44.49 and a 200 day simple moving average of $45.26.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.1833 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Trading of iShares Investment Grade Bond Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGEB. Wilmington Savings Fund Society FSB purchased a new stake in iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at approximately $26,000. Assetmark Inc. purchased a new stake in iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at approximately $29,000. FMR LLC increased its position in iShares Investment Grade Bond Factor ETF by 46,350.0% during the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after purchasing an additional 927 shares during the period. Glass Jacobson Investment Advisors llc increased its position in iShares Investment Grade Bond Factor ETF by 222.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,730 shares of the company’s stock worth $77,000 after purchasing an additional 1,194 shares during the period. Finally, Wells Fargo & Company MN increased its position in iShares Investment Grade Bond Factor ETF by 1,243.8% during the 4th quarter. Wells Fargo & Company MN now owns 2,177 shares of the company’s stock worth $97,000 after purchasing an additional 2,015 shares during the period.

About iShares Investment Grade Bond Factor 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.