iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 1-Year Low at $45.72

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $45.72 and last traded at $45.76, with a volume of 208183 shares. The stock had previously closed at $45.80.

iShares Investment Grade Bond Factor ETF Stock Performance

The stock’s fifty day simple moving average is $45.16 and its 200-day simple moving average is $44.59.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of iShares Investment Grade Bond Factor ETF by 450.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock worth $287,834,000 after buying an additional 5,308,807 shares during the period. LPL Financial LLC grew its stake in iShares Investment Grade Bond Factor ETF by 187.8% in the second quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock worth $94,550,000 after purchasing an additional 1,390,904 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in iShares Investment Grade Bond Factor ETF by 113.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock worth $51,987,000 after purchasing an additional 621,932 shares in the last quarter. CWM LLC grew its stake in iShares Investment Grade Bond Factor ETF by 2.1% in the second quarter. CWM LLC now owns 1,010,995 shares of the company’s stock worth $44,848,000 after purchasing an additional 21,057 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its stake in iShares Investment Grade Bond Factor ETF by 16.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 859,667 shares of the company’s stock worth $38,135,000 after purchasing an additional 119,464 shares in 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.