iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 1-Year Low – Should You Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $45.20 and last traded at $45.31, with a volume of 591383 shares trading hands. The stock had previously closed at $44.89.

iShares Investment Grade Bond Factor ETF Price Performance

The firm’s fifty day moving average is $45.63 and its 200-day moving average is $45.20.

iShares Investment Grade Bond Factor ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1867 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Several large investors have recently added to or reduced their stakes in the business. Axxcess Wealth Management LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the 1st quarter valued at $279,000. Ascent Group LLC raised its holdings in shares of iShares Investment Grade Bond Factor ETF by 2.9% in the first quarter. Ascent Group LLC now owns 22,999 shares of the company’s stock valued at $1,032,000 after buying an additional 656 shares during the last quarter. Atria Investments Inc acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the first quarter worth about $1,407,000. Cetera Investment Advisers raised its stake in iShares Investment Grade Bond Factor ETF by 189.8% during the 1st quarter. Cetera Investment Advisers now owns 131,825 shares of the company’s stock valued at $5,912,000 after acquiring an additional 86,341 shares during the last quarter. Finally, Cetera Advisors LLC lifted its position in iShares Investment Grade Bond Factor ETF by 111.6% during the 1st quarter. Cetera Advisors LLC now owns 34,476 shares of the company’s stock worth $1,546,000 after acquiring an additional 18,185 shares during the period.

iShares Investment Grade Bond Factor ETF Company Profile

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.