iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Time to Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s stock price reached a new 52-week low on Monday . The stock traded as low as $44.12 and last traded at $44.86, with a volume of 148962 shares changing hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Up 2.6 %

The firm’s fifty day moving average is $44.45 and its two-hundred day moving average is $45.24.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1833 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in shares of iShares Investment Grade Bond Factor ETF by 4.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 639,972 shares of the company’s stock worth $29,739,000 after acquiring an additional 27,579 shares during the period. FMR LLC boosted its position in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% during the third quarter. FMR LLC now owns 929 shares of the company’s stock valued at $43,000 after purchasing an additional 927 shares in the last quarter. Verus Capital Partners LLC grew its stake in iShares Investment Grade Bond Factor ETF by 29.4% in the third quarter. Verus Capital Partners LLC now owns 7,521 shares of the company’s stock worth $349,000 after purchasing an additional 1,707 shares during the period. First Heartland Consultants Inc. bought a new position in iShares Investment Grade Bond Factor ETF in the third quarter worth $285,000. Finally, TSA Wealth Managment LLC lifted its position in iShares Investment Grade Bond Factor ETF by 9.1% during the third quarter. TSA Wealth Managment LLC now owns 56,794 shares of the company’s stock valued at $2,639,000 after buying an additional 4,735 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.