iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 52-Week Low – Here’s What Happened

iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during trading on Monday . The company traded as low as $44.12 and last traded at $44.86, with a volume of 148962 shares changing hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Trading Up 3.1 %

The company has a fifty day moving average price of $44.45 and a two-hundred day moving average price of $45.23.

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 was Monday, February 3rd.

Institutional Trading of iShares Investment Grade Bond Factor ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at about $26,000. Assetmark Inc. acquired a new position in iShares Investment Grade Bond Factor ETF in the 3rd quarter valued at about $29,000. FMR LLC grew its stake in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% in the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock valued at $43,000 after buying an additional 927 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in shares of 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 buying an additional 1,194 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of 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 valued at $97,000 after buying 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.