iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 52-Week Low – What’s Next?

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during trading on Monday . The company traded as low as $44.12 and last traded at $44.47, with a volume of 148962 shares traded. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Up 1.7 %

The firm’s fifty day simple moving average is $44.64 and its two-hundred day simple moving average is $45.28.

iShares Investment Grade Bond Factor ETF Cuts Dividend

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

Institutional Trading of iShares Investment Grade Bond Factor ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors LLC increased its position in shares of iShares Investment Grade Bond Factor ETF by 15,153.5% in the third quarter. World Investment Advisors LLC now owns 953,498 shares of the company’s stock worth $44,309,000 after acquiring an additional 947,247 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in 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 purchasing an additional 250,000 shares during the period. Stratos Investment Management LLC lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 42.4% in the fourth quarter. Stratos Investment Management LLC now owns 835,460 shares of the company’s stock valued at $37,061,000 after purchasing an additional 248,604 shares in 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. grew its holdings in shares of 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 buying an additional 204,192 shares in the last quarter.

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.