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

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.53 and last traded at $45.39, with a volume of 197675 shares. The stock had previously closed at $45.59.

iShares Investment Grade Bond Factor ETF Price Performance

The company’s 50-day moving average is $45.51 and its 200-day moving average is $45.25.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Hedge funds have recently modified their holdings of the stock. Gilliland Jeter Wealth Management LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the second quarter worth approximately $25,000. Wilmington Savings Fund Society FSB purchased a new position in iShares Investment Grade Bond Factor ETF in the third quarter valued at approximately $26,000. Assetmark Inc. purchased a new position in iShares Investment Grade Bond Factor ETF in the third quarter valued at approximately $29,000. Park Place Capital Corp purchased a new position in iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $38,000. Finally, Aspire Private Capital LLC purchased a new position in iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $42,000.

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.