iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 12-Month Low at $45.21

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.21 and last traded at $45.35, with a volume of 99615 shares. The stock had previously closed at $45.28.

iShares Investment Grade Bond Factor ETF Stock Performance

The stock has a fifty day moving average price of $44.74 and a 200 day moving average price of $44.47.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a dividend of $0.1689 per share. The ex-dividend date was Monday, July 1st.

Institutional Trading of 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 stake in iShares Investment Grade Bond Factor ETF during the 2nd quarter valued at approximately $25,000. Park Place Capital Corp bought a new stake in shares of iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $38,000. Aspire Private Capital LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the second quarter worth $42,000. ICA Group Wealth Management LLC acquired a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter valued at $55,000. Finally, SouthState Corp bought a new stake in iShares Investment Grade Bond Factor ETF in the 4th quarter valued at $56,000.

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.