iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 12-Month Low at $44.36

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $44.36 and last traded at $44.01, with a volume of 186294 shares trading hands. The stock had previously closed at $44.36.

iShares Investment Grade Bond Factor ETF Trading Down 0.8 %

The company has a fifty day moving average price of $44.21 and a 200 day moving average price of $44.49.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.1689 per share. The ex-dividend date is Monday, July 1st.

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its holdings in iShares Investment Grade Bond Factor ETF by 2,288.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 394,339 shares of the company’s stock worth $17,686,000 after buying an additional 377,830 shares in the last quarter. DORVAL Corp bought a new position in iShares Investment Grade Bond Factor ETF in the 4th quarter worth approximately $9,001,000. McGlone Suttner Wealth Management Inc. bought a new position in iShares Investment Grade Bond Factor ETF in the 4th quarter worth approximately $6,061,000. Stifel Financial Corp bought a new position in iShares Investment Grade Bond Factor ETF in the 4th quarter worth approximately $4,792,000. Finally, Geneos Wealth Management Inc. grew its holdings in iShares Investment Grade Bond Factor ETF by 813.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 115,456 shares of the company’s stock worth $5,178,000 after buying an additional 102,815 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.