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

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low on Tuesday . The stock traded as low as $44.12 and last traded at $44.67, with a volume of 148962 shares. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Performance

The business’s 50 day moving average is $44.69 and its two-hundred day moving average is $45.29.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IGEB. World Investment Advisors LLC grew its stake in iShares Investment Grade Bond Factor ETF by 15,153.5% during 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 during the period. Cetera Investment Advisers grew its position in shares of iShares Investment Grade Bond Factor ETF by 323.2% during the 2nd quarter. Cetera Investment Advisers now owns 557,939 shares of the company’s stock worth $24,750,000 after buying an additional 426,114 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of iShares Investment Grade Bond Factor ETF by 21.3% in the 3rd 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 acquiring an additional 250,000 shares in the last quarter. Stratos Investment Management LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF by 42.4% during the 4th quarter. Stratos Investment Management LLC now owns 835,460 shares of the company’s stock valued at $37,061,000 after acquiring an additional 248,604 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter worth $9,554,000.

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.