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

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $45.20 and last traded at $45.31, with a volume of 591383 shares. The stock had previously closed at $44.89.

iShares Investment Grade Bond Factor ETF Trading Up 1.0 %

The firm’s fifty day moving average is $45.63 and its 200-day moving average is $45.20.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1867 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Several institutional investors have recently made changes to their positions in IGEB. Coldstream Capital Management Inc. increased its holdings in iShares Investment Grade Bond Factor ETF by 4.8% in the third quarter. Coldstream Capital Management Inc. now owns 5,355 shares of the company’s stock valued at $249,000 after buying an additional 243 shares in the last quarter. Kraft Davis & Associates LLC grew its holdings in iShares Investment Grade Bond Factor ETF by 5.4% in the 2nd quarter. Kraft Davis & Associates LLC now owns 5,827 shares of the company’s stock valued at $262,000 after buying an additional 297 shares during the period. Bay Harbor Wealth Management LLC increased its stake in shares of iShares Investment Grade Bond Factor ETF by 1.2% during the 3rd quarter. Bay Harbor Wealth Management LLC now owns 26,775 shares of the company’s stock valued at $1,244,000 after acquiring an additional 329 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 3.8% during the 2nd quarter. National Bank of Canada FI now owns 11,233 shares of the company’s stock worth $498,000 after acquiring an additional 407 shares during the period. Finally, Altus Wealth Management LLC boosted its position in shares of iShares Investment Grade Bond Factor ETF by 1.3% in the second quarter. Altus Wealth Management LLC now owns 32,603 shares of the company’s stock worth $1,446,000 after acquiring an additional 412 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.