iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 12-Month Low – Here’s Why

iShares Investment Grade Bond Factor ETF (BATS:IGEBGet Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $45.15 and last traded at $45.21, with a volume of 818550 shares trading hands. The stock had previously closed at $45.30.

iShares Investment Grade Bond Factor ETF Trading Down 0.2 %

The firm has a 50-day simple moving average of $45.83 and a two-hundred day simple moving average of $45.14.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently declared 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 was Tuesday, September 3rd. This is an increase 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 large investors have recently bought and sold shares of IGEB. Kraft Davis & Associates LLC grew its position in iShares Investment Grade Bond Factor ETF by 5.4% in the second quarter. Kraft Davis & Associates LLC now owns 5,827 shares of the company’s stock valued at $262,000 after acquiring an additional 297 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in shares of iShares Investment Grade Bond Factor ETF by 1.2% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 26,775 shares of the company’s stock valued at $1,244,000 after purchasing an additional 329 shares during the last quarter. National Bank of Canada FI increased its position in iShares Investment Grade Bond Factor ETF by 3.8% during the 2nd quarter. National Bank of Canada FI now owns 11,233 shares of the company’s stock worth $498,000 after purchasing an additional 407 shares in the last quarter. Altus Wealth Management LLC grew its stake in shares of iShares Investment Grade Bond Factor ETF by 1.3% during the second quarter. Altus Wealth Management LLC now owns 32,603 shares of the company’s stock worth $1,446,000 after buying an additional 412 shares during the last quarter. Finally, US Bancorp DE increased its holdings in shares of iShares Investment Grade Bond Factor ETF by 0.6% during the third quarter. US Bancorp DE now owns 83,887 shares of the company’s stock worth $3,898,000 after buying an additional 540 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Company Profile

(Get Free Report)

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.

Further Reading

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