iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 52-Week Low – What’s Next?

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) reached a new 52-week low during trading on Monday . The stock traded as low as $45.65 and last traded at $45.74, with a volume of 109871 shares changing hands. The stock had previously closed at $45.73.

iShares Investment Grade Bond Factor ETF Stock Up 0.0 %

The company’s 50 day simple moving average is $46.02 and its two-hundred day simple moving average is $44.93.

iShares Investment Grade Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.1867 dividend. This is a positive change from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

A number of large investors have recently bought and sold shares of the company. Brookstone Capital Management acquired a new position in shares of iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at about $1,019,000. 1620 Investment Advisors Inc. boosted its position in iShares Investment Grade Bond Factor ETF by 12.9% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 11,573 shares of the company’s stock worth $513,000 after purchasing an additional 1,326 shares in the last quarter. Executive Wealth Management LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the 2nd quarter worth approximately $227,000. PNC Financial Services Group Inc. purchased a new position in shares of iShares Investment Grade Bond Factor ETF during the 4th quarter valued at approximately $113,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at $603,000.

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.