iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 52-Week Low at $44.36

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.36 and last traded at $44.01, with a volume of 186294 shares changing hands. The stock had previously closed at $44.36.

iShares Investment Grade Bond Factor ETF Stock Performance

The company’s 50 day moving average price is $44.22 and its 200-day moving average price is $44.48.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a $0.1689 dividend. The ex-dividend date is Monday, July 1st.

Institutional Trading of iShares Investment Grade Bond Factor ETF

Several institutional investors have recently added to or reduced their stakes in IGEB. Ascent Group LLC raised its holdings in iShares Investment Grade Bond Factor ETF by 2.9% during the 1st quarter. Ascent Group LLC now owns 22,999 shares of the company’s stock worth $1,032,000 after purchasing an additional 656 shares during the last quarter. Altus Wealth Management LLC raised its stake in iShares Investment Grade Bond Factor ETF by 2.2% during the fourth quarter. Altus Wealth Management LLC now owns 32,964 shares of the company’s stock worth $1,491,000 after buying an additional 716 shares during the last quarter. Park Place Capital Corp acquired a new position in iShares Investment Grade Bond Factor ETF in the second quarter valued at $38,000. Dohj LLC lifted its holdings in iShares Investment Grade Bond Factor ETF by 3.0% in the first quarter. Dohj LLC now owns 34,376 shares of the company’s stock valued at $1,542,000 after buying an additional 1,000 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at $55,000.

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.