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 hit a new 52-week low during trading on Monday . The stock traded as low as $44.12 and last traded at $44.65, with a volume of 148962 shares. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Trading Up 1.6 %

The firm’s 50 day moving average is $44.56 and its 200 day moving average is $45.27.

iShares Investment Grade Bond Factor ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Hedge funds have recently bought and sold shares of the business. 1620 Investment Advisors Inc. raised its stake in shares of iShares Investment Grade Bond Factor ETF by 12.2% during the 4th quarter. 1620 Investment Advisors Inc. now owns 13,743 shares of the company’s stock worth $610,000 after purchasing an additional 1,498 shares in the last quarter. FreeGulliver LLC grew its stake in iShares Investment Grade Bond Factor ETF by 12.2% in the 4th quarter. FreeGulliver LLC now owns 51,086 shares of the company’s stock valued at $2,266,000 after buying an additional 5,535 shares during the last quarter. Parallel Advisors LLC lifted its position in iShares Investment Grade Bond Factor ETF by 8.3% during the 4th quarter. Parallel Advisors LLC now owns 481,882 shares of the company’s stock worth $21,376,000 after acquiring an additional 36,825 shares during the last quarter. Harbour Investments Inc. boosted its stake in iShares Investment Grade Bond Factor ETF by 45.7% during the 4th quarter. Harbour Investments Inc. now owns 79,050 shares of the company’s stock valued at $3,507,000 after purchasing an additional 24,800 shares during the period. Finally, Tidemark LLC grew its stake in shares of iShares Investment Grade Bond Factor ETF by 12.7% in the fourth quarter. Tidemark LLC now owns 45,737 shares of the company’s stock worth $2,029,000 after acquiring an additional 5,165 shares during 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.