iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 12-Month Low – Should You Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $44.12 and last traded at $44.33, with a volume of 148962 shares changing hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Up 1.2 %

The stock has a 50 day simple moving average of $44.75 and a 200 day simple moving average of $45.29.

Institutional Trading of iShares Investment Grade Bond Factor ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IGEB. Coldstream Capital Management Inc. lifted its stake in shares of iShares Investment Grade Bond Factor ETF by 4.8% in the third quarter. Coldstream Capital Management Inc. now owns 5,355 shares of the company’s stock valued at $249,000 after buying an additional 243 shares in the last quarter. Bay Harbor Wealth Management LLC boosted its stake in iShares Investment Grade Bond Factor ETF by 1.2% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 26,775 shares of the company’s stock valued at $1,244,000 after purchasing an additional 329 shares during the last quarter. US Bancorp DE increased its holdings in iShares Investment Grade Bond Factor ETF by 0.6% during the 3rd quarter. US Bancorp DE now owns 83,887 shares of the company’s stock worth $3,898,000 after purchasing an additional 540 shares in the last quarter. Vertex Planning Partners LLC increased its holdings in iShares Investment Grade Bond Factor ETF by 6.1% during the 3rd quarter. Vertex Planning Partners LLC now owns 9,578 shares of the company’s stock worth $445,000 after purchasing an additional 548 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Investment Grade Bond Factor ETF in the third quarter worth approximately $26,000.

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.