iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Here’s Why

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low on Monday . The stock traded as low as $45.27 and last traded at $45.24, with a volume of 204582 shares traded. The stock had previously closed at $45.28.

iShares Investment Grade Bond Factor ETF Stock Down 0.2 %

The stock’s 50 day moving average is $46.03 and its two-hundred day moving average is $45.04.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IGEB. Envestnet Asset Management Inc. grew its stake in iShares Investment Grade Bond Factor ETF by 450.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock valued at $287,834,000 after acquiring an additional 5,308,807 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Investment Grade Bond Factor ETF by 187.8% in the second quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock valued at $94,550,000 after purchasing an additional 1,390,904 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in iShares Investment Grade Bond Factor ETF by 1,596.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 811,085 shares of the company’s stock valued at $35,980,000 after purchasing an additional 763,278 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in iShares Investment Grade Bond Factor ETF by 113.1% during the second quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock worth $51,987,000 after buying an additional 621,932 shares during the period. Finally, Cetera Investment Advisers boosted its stake in iShares Investment Grade Bond Factor ETF by 323.2% in the 2nd quarter. Cetera Investment Advisers now owns 557,939 shares of the company’s stock worth $24,750,000 after buying an additional 426,114 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.