iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 12-Month Low at $44.36

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low on Monday . The stock traded as low as $44.36 and last traded at $44.01, with a volume of 186294 shares trading hands. The stock had previously closed at $44.36.

iShares Investment Grade Bond Factor ETF Price Performance

The firm’s 50-day simple moving average is $44.22 and its 200 day simple moving average is $44.48.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.1689 dividend. The ex-dividend date of this dividend is Monday, July 1st.

Institutional Trading of iShares Investment Grade Bond Factor ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. increased its position in shares of iShares Investment Grade Bond Factor ETF by 3.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 740,203 shares of the company’s stock worth $33,198,000 after acquiring an additional 24,813 shares in the last quarter. Waller Financial Planning Group Inc. raised its stake in iShares Investment Grade Bond Factor ETF by 1.1% during the 2nd quarter. Waller Financial Planning Group Inc. now owns 479,341 shares of the company’s stock valued at $21,264,000 after purchasing an additional 5,391 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 2,288.6% in the first quarter. Janney Montgomery Scott LLC now owns 394,339 shares of the company’s stock valued at $17,686,000 after purchasing an additional 377,830 shares in the last quarter. Ameliora Wealth Management Ltd. lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 2.7% in the first quarter. Ameliora Wealth Management Ltd. now owns 284,232 shares of the company’s stock valued at $12,748,000 after purchasing an additional 7,555 shares in the last quarter. Finally, Private Advisor Group LLC boosted its position in shares of iShares Investment Grade Bond Factor ETF by 12.8% in the first quarter. Private Advisor Group LLC now owns 244,185 shares of the company’s stock worth $10,952,000 after buying an additional 27,741 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.