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

iShares Investment Grade Bond Factor ETF (BATS:IGEB) 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

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.