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 hit a new 52-week low on Monday . The company traded as low as $44.12 and last traded at $44.86, with a volume of 148962 shares trading hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Performance

The firm has a fifty day moving average price of $44.45 and a two-hundred day moving average price of $45.24.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.1833 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC boosted its holdings in shares of iShares Investment Grade Bond Factor ETF by 3.5% in the third quarter. LPL Financial LLC now owns 2,206,094 shares of the company’s stock worth $102,517,000 after buying an additional 74,677 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of iShares Investment Grade Bond Factor ETF by 21.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,421,932 shares of the company’s stock worth $66,077,000 after acquiring an additional 250,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of iShares Investment Grade Bond Factor ETF by 16.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,091,067 shares of the company’s stock worth $48,400,000 after acquiring an additional 152,298 shares during the last quarter. World Investment Advisors LLC grew its position in shares of iShares Investment Grade Bond Factor ETF by 15,153.5% during the 3rd quarter. World Investment Advisors LLC now owns 953,498 shares of the company’s stock valued at $44,309,000 after acquiring an additional 947,247 shares during the period. Finally, Stratos Investment Management LLC increased its stake in shares of iShares Investment Grade Bond Factor ETF by 42.4% in the 4th quarter. Stratos Investment Management LLC now owns 835,460 shares of the company’s stock worth $37,061,000 after purchasing an additional 248,604 shares in the last quarter.

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.