iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 12-Month Low – Here’s Why

iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $45.20 and last traded at $45.31, with a volume of 591383 shares trading hands. The stock had previously closed at $44.89.

iShares Investment Grade Bond Factor ETF Stock Up 0.3 %

The business’s 50 day moving average price is $45.58 and its 200 day moving average price is $45.22.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC bought a new position in iShares Investment Grade Bond Factor ETF in the 2nd quarter worth $25,000. Wilmington Savings Fund Society FSB purchased a new position in shares of iShares Investment Grade Bond Factor ETF in the third quarter valued at $26,000. Assetmark Inc. bought a new stake in shares of iShares Investment Grade Bond Factor ETF in the 3rd quarter worth about $29,000. Park Place Capital Corp purchased a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $38,000. Finally, Aspire Private Capital LLC purchased a new stake in iShares Investment Grade Bond Factor ETF during the 2nd quarter valued at $42,000.

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.