iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 52-Week Low – Here’s Why

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.12 and last traded at $44.49, with a volume of 148962 shares traded. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Stock Performance

The stock has a 50-day simple moving average of $44.71 and a 200 day simple moving average of $45.29.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

A number of institutional investors and hedge funds have recently modified their holdings of IGEB. LPL Financial LLC increased its holdings in iShares Investment Grade Bond Factor ETF by 3.5% in the 3rd quarter. LPL Financial LLC now owns 2,206,094 shares of the company’s stock worth $102,517,000 after buying an additional 74,677 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings 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 during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of iShares Investment Grade Bond Factor ETF by 16.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,091,067 shares of the company’s stock worth $48,400,000 after acquiring an additional 152,298 shares during the period. World Investment Advisors LLC raised its holdings in shares of 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 last quarter. Finally, MML Investors Services LLC lifted its position in iShares Investment Grade Bond Factor ETF by 8.2% during the third quarter. MML Investors Services LLC now owns 659,064 shares of the company’s stock valued at $30,627,000 after purchasing an additional 50,215 shares during the period.

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.