iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 52-Week Low – Here’s What Happened

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price reached a new 52-week low on Thursday . The company traded as low as $44.12 and last traded at $44.33, with a volume of 148962 shares trading hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Performance

The company’s 50 day moving average price is $44.75 and its 200-day moving average price is $45.29.

Institutional Trading of iShares Investment Grade Bond Factor ETF

A number of large investors have recently bought and sold shares of IGEB. LPL Financial LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF by 3.5% during the 3rd quarter. LPL Financial LLC now owns 2,206,094 shares of the company’s stock valued at $102,517,000 after buying an additional 74,677 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in iShares Investment Grade Bond Factor ETF by 21.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 1,421,932 shares of the company’s stock valued at $66,077,000 after purchasing an additional 250,000 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in iShares Investment Grade Bond Factor ETF by 16.2% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,091,067 shares of the company’s stock worth $48,400,000 after purchasing an additional 152,298 shares during the period. World Investment Advisors LLC increased its stake in shares of iShares Investment Grade Bond Factor ETF by 15,153.5% in the third quarter. World Investment Advisors LLC now owns 953,498 shares of the company’s stock worth $44,309,000 after purchasing an additional 947,247 shares in the last quarter. Finally, MML Investors Services LLC raised its position in shares of iShares Investment Grade Bond Factor ETF by 8.2% in the third quarter. MML Investors Services LLC now owns 659,064 shares of the company’s stock valued at $30,627,000 after purchasing an additional 50,215 shares during the period.

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.