iShares Investment Grade Bond Factor ETF (BATS:IGEB) Hits New 1-Year Low – Should You Sell?

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.90 and last traded at $45.75, with a volume of 152480 shares changing hands. The stock had previously closed at $45.94.

iShares Investment Grade Bond Factor ETF Stock Performance

The company has a fifty day moving average price of $46.01 and a 200-day moving average price of $44.92.

iShares Investment Grade Bond Factor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1867 per share. This is a positive change 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 institutional investors have recently made changes to their positions in the company. Kraft Davis & Associates LLC lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 5.4% during the 2nd quarter. Kraft Davis & Associates LLC now owns 5,827 shares of the company’s stock valued at $262,000 after buying an additional 297 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 3.8% during the 2nd quarter. National Bank of Canada FI now owns 11,233 shares of the company’s stock valued at $498,000 after buying an additional 407 shares during the last quarter. Altus Wealth Management LLC lifted its holdings in iShares Investment Grade Bond Factor ETF by 1.3% in the 2nd quarter. Altus Wealth Management LLC now owns 32,603 shares of the company’s stock worth $1,446,000 after purchasing an additional 412 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in iShares Investment Grade Bond Factor ETF in the 2nd quarter worth approximately $25,000. Finally, Ascent Group LLC lifted its holdings in iShares Investment Grade Bond Factor ETF by 2.9% in 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.

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.