iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 52-Week Low – Here’s What Happened

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $44.12 and last traded at $44.65, with a volume of 148962 shares changing hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Price Performance

The stock has a 50-day moving average of $44.59 and a two-hundred day moving average of $45.28.

iShares Investment Grade Bond Factor ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of IGEB. Wilmington Savings Fund Society FSB bought a new position in iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at approximately $26,000. Assetmark Inc. bought a new position in shares of iShares Investment Grade Bond Factor ETF during the third quarter valued at $29,000. FMR LLC raised its position in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% in the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after purchasing an additional 927 shares during the last quarter. Midwest Capital Advisors LLC bought a new position in iShares Investment Grade Bond Factor ETF in the 4th quarter worth about $108,000. Finally, Principal Securities Inc. increased its position in shares of iShares Investment Grade Bond Factor ETF by 207.6% during the fourth quarter. Principal Securities Inc. now owns 2,919 shares of the company’s stock valued at $129,000 after acquiring an additional 1,970 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.