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 stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.15 and last traded at $45.21, with a volume of 818550 shares traded. The stock had previously closed at $45.30.

iShares Investment Grade Bond Factor ETF Stock Down 0.2 %

The stock’s 50 day moving average is $45.88 and its 200 day moving average is $45.13.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1867 per share. The ex-dividend date of this dividend 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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC purchased a new stake in iShares Investment Grade Bond Factor ETF in the 2nd quarter worth approximately $25,000. Assetmark Inc. purchased a new position in shares of iShares Investment Grade Bond Factor ETF in the 3rd quarter worth about $29,000. Park Place Capital Corp purchased a new stake in shares of iShares Investment Grade Bond Factor ETF during the 2nd quarter worth about $38,000. Aspire Private Capital LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the 2nd quarter worth approximately $42,000. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $60,000.

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.