iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 12-Month Low – Should You Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low during trading on Monday . The stock traded as low as $44.97 and last traded at $45.05, with a volume of 105211 shares changing hands. The stock had previously closed at $44.98.

iShares Investment Grade Bond Factor ETF Stock Up 0.1 %

The business’s fifty day moving average is $45.30 and its two-hundred day moving average is $45.33.

Institutional Trading of iShares Investment Grade Bond Factor ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in iShares Investment Grade Bond Factor ETF by 450.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock valued at $287,834,000 after buying an additional 5,308,807 shares during the period. LPL Financial LLC boosted its position in shares of iShares Investment Grade Bond Factor ETF by 3.5% in the 3rd quarter. LPL Financial LLC now owns 2,206,094 shares of the company’s stock worth $102,517,000 after purchasing an additional 74,677 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of iShares Investment Grade Bond Factor ETF by 21.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,421,932 shares of the company’s stock worth $66,077,000 after purchasing an additional 250,000 shares during the period. World Investment Advisors LLC increased its holdings in iShares Investment Grade Bond Factor ETF by 15,153.5% in the third quarter. World Investment Advisors LLC now owns 953,498 shares of the company’s stock valued at $44,309,000 after purchasing an additional 947,247 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in iShares Investment Grade Bond Factor ETF by 9.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 938,769 shares of the company’s stock valued at $43,625,000 after buying an additional 79,102 shares during the period.

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.