iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 52-Week Low – Time to Sell?

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during trading on Wednesday . The company traded as low as $44.12 and last traded at $44.49, with a volume of 148962 shares trading hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Up 1.6 %

The company has a 50-day simple moving average of $44.72 and a two-hundred day simple moving average of $45.30.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. World Investment Advisors LLC boosted its stake in iShares Investment Grade Bond Factor ETF by 15,153.5% in the 3rd quarter. World Investment Advisors LLC now owns 953,498 shares of the company’s stock worth $44,309,000 after purchasing an additional 947,247 shares during the period. Cetera Investment Advisers boosted its holdings in iShares Investment Grade Bond Factor ETF by 323.2% in the second quarter. Cetera Investment Advisers now owns 557,939 shares of the company’s stock worth $24,750,000 after purchasing an additional 426,114 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of iShares Investment Grade Bond Factor ETF by 21.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,421,932 shares of the company’s stock valued at $66,077,000 after acquiring an additional 250,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter worth $9,554,000. Finally, Ameliora Wealth Management Ltd. boosted its holdings in iShares Investment Grade Bond Factor ETF by 69.6% during the third quarter. Ameliora Wealth Management Ltd. now owns 497,462 shares of the company’s stock valued at $23,117,000 after acquiring an additional 204,192 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.