iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 1-Year Low – Here’s Why

iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low on Wednesday . The company traded as low as $44.12 and last traded at $44.49, with a volume of 148962 shares. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Performance

The firm’s 50-day simple moving average is $44.72 and its 200 day simple moving average is $45.30.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

A number of large investors have recently modified their holdings of IGEB. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Investment Grade Bond Factor ETF in the 3rd quarter valued at $26,000. Assetmark Inc. bought a new position in shares of iShares Investment Grade Bond Factor ETF in the 3rd quarter worth about $29,000. FMR LLC lifted its stake in iShares Investment Grade Bond Factor ETF by 46,350.0% in the third 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. Oliver Lagore Vanvalin Investment Group bought a new position in iShares Investment Grade Bond Factor ETF during the second quarter worth $60,000. Finally, Investment Advisory Group LLC bought a new position in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter worth about $220,000.

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.