iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Should You Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $44.12 and last traded at $44.49, with a volume of 148962 shares changing hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Price Performance

The stock has a 50-day moving average price of $44.71 and a 200 day moving average price of $45.29.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in iShares Investment Grade Bond Factor ETF by 4.5% during the third quarter. Janney Montgomery Scott LLC now owns 639,972 shares of the company’s stock valued at $29,739,000 after purchasing an additional 27,579 shares in the last quarter. FMR LLC lifted its stake 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 valued at $43,000 after buying an additional 927 shares in the last quarter. Verus Capital Partners LLC lifted its stake in iShares Investment Grade Bond Factor ETF by 29.4% in the 3rd quarter. Verus Capital Partners LLC now owns 7,521 shares of the company’s stock valued at $349,000 after buying an additional 1,707 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in iShares Investment Grade Bond Factor ETF by 1,038.4% in the 2nd quarter. NewEdge Advisors LLC now owns 169,546 shares of the company’s stock worth $7,521,000 after buying an additional 154,652 shares during the last quarter. Finally, First Heartland Consultants Inc. purchased a new stake in iShares Investment Grade Bond Factor ETF during the 3rd quarter worth approximately $285,000.

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.