iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 52-Week Low – Time to Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s stock price hit a new 52-week low on Monday . The company traded as low as $44.62 and last traded at $44.89, with a volume of 306284 shares. The stock had previously closed at $44.82.

iShares Investment Grade Bond Factor ETF Price Performance

The company’s 50-day simple moving average is $45.78 and its 200-day simple moving average is $45.17.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1867 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Several hedge funds have recently modified their holdings of the stock. Coldstream Capital Management Inc. raised its holdings in iShares Investment Grade Bond Factor ETF by 4.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,355 shares of the company’s stock worth $249,000 after buying an additional 243 shares during the period. High Falls Advisors Inc raised its holdings in shares of iShares Investment Grade Bond Factor ETF by 2.9% during the third quarter. High Falls Advisors Inc now owns 33,715 shares of the company’s stock valued at $1,567,000 after acquiring an additional 954 shares during the period. MML Investors Services LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF by 8.2% in the 3rd quarter. MML Investors Services LLC now owns 659,064 shares of the company’s stock valued at $30,627,000 after acquiring an additional 50,215 shares in the last quarter. World Investment Advisors LLC boosted its stake in iShares Investment Grade Bond Factor ETF by 15,153.5% in the 3rd 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. Finally, National Bank of Canada FI grew its position in iShares Investment Grade Bond Factor ETF by 6.3% during the 3rd quarter. National Bank of Canada FI now owns 11,940 shares of the company’s stock worth $555,000 after purchasing an additional 707 shares in the last quarter.

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.