iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 52-Week Low at $46.13

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $46.13 and last traded at $46.22, with a volume of 119155 shares traded. The stock had previously closed at $46.13.

iShares Investment Grade Bond Factor ETF Price Performance

The stock has a 50 day simple moving average of $45.28 and a 200 day simple moving average of $44.64.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1867 per share. The ex-dividend date was Tuesday, September 3rd. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17.

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

Several hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in shares of iShares Investment Grade Bond Factor ETF by 450.0% during 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 increased its stake in shares of iShares Investment Grade Bond Factor ETF by 187.8% during the second quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock valued at $94,550,000 after buying an additional 1,390,904 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of iShares Investment Grade Bond Factor ETF by 113.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock valued at $51,987,000 after buying an additional 621,932 shares during the period. CWM LLC increased its stake in shares of iShares Investment Grade Bond Factor ETF by 2.1% during the second quarter. CWM LLC now owns 1,010,995 shares of the company’s stock valued at $44,848,000 after buying an additional 21,057 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of iShares Investment Grade Bond Factor ETF by 16.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 859,667 shares of the company’s stock valued at $38,135,000 after buying an additional 119,464 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.