iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 1-Year Low at $44.65

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $44.65 and last traded at $44.53, with a volume of 259794 shares. The stock had previously closed at $44.69.

iShares Investment Grade Bond Factor ETF Trading Down 0.3 %

The stock has a fifty day simple moving average of $44.04 and a 200 day simple moving average of $44.45.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.1867 per share. The ex-dividend date of this dividend was Monday, June 3rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new position in shares of iShares Investment Grade Bond Factor ETF during the fourth quarter valued at about $55,000. SouthState Corp purchased a new position in iShares Investment Grade Bond Factor ETF in the fourth quarter worth about $56,000. PNC Financial Services Group Inc. purchased a new position in iShares Investment Grade Bond Factor ETF in the fourth quarter worth about $113,000. SteelPeak Wealth LLC purchased a new position in iShares Investment Grade Bond Factor ETF in the fourth quarter worth about $203,000. Finally, Shared Vision Wealth Group LLC purchased a new position in iShares Investment Grade Bond Factor ETF in the first quarter worth about $237,000.

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.