iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Here’s What Happened

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during trading on Monday . The company traded as low as $44.12 and last traded at $45.03, with a volume of 148962 shares traded. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Up 2.8 %

The business has a fifty day moving average of $44.52 and a 200-day moving average of $45.22.

iShares Investment Grade Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be issued a $0.1843 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18. The ex-dividend date is Monday, March 3rd.

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in iShares Investment Grade Bond Factor ETF in the third quarter worth about $26,000. Assetmark Inc. purchased a new stake in shares of iShares Investment Grade Bond Factor ETF in the 3rd quarter worth approximately $29,000. FMR LLC lifted 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 period. Glass Jacobson Investment Advisors llc boosted its stake in shares of iShares Investment Grade Bond Factor ETF by 222.8% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 1,730 shares of the company’s stock valued at $77,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in iShares Investment Grade Bond Factor ETF by 1,243.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,177 shares of the company’s stock valued at $97,000 after buying an additional 2,015 shares during the period.

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.