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

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $44.62 and last traded at $44.89, with a volume of 306284 shares trading hands. The stock had previously closed at $44.82.

iShares Investment Grade Bond Factor ETF Stock Up 0.2 %

The business’s 50 day moving average is $45.78 and its 200-day moving average is $45.17.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Hedge funds have recently added to or reduced their stakes in the stock. Gilliland Jeter Wealth Management LLC bought a new stake in iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at about $25,000. Assetmark Inc. acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the third quarter valued at approximately $29,000. Park Place Capital Corp bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $38,000. Aspire Private Capital LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF during the second quarter worth approximately $42,000. Finally, FMR LLC grew its holdings in iShares Investment Grade Bond Factor ETF by 46,350.0% in the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after buying an additional 927 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Company Profile

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.