iShares Investment Grade Bond Factor ETF (BATS:IGEB) Reaches New 12-Month Low at $45.61

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $45.61 and last traded at $45.79, with a volume of 357810 shares. The stock had previously closed at $45.72.

iShares Investment Grade Bond Factor ETF Stock Up 0.2 %

The business’s 50 day moving average is $44.86 and its 200-day moving average is $44.49.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a dividend of $0.1689 per share. The ex-dividend date was Monday, July 1st.

Institutional Investors Weigh In On iShares Investment Grade Bond Factor ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its holdings in iShares Investment Grade Bond Factor ETF by 450.0% in the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock valued at $287,834,000 after purchasing an additional 5,308,807 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares Investment Grade Bond Factor ETF by 187.8% in the 2nd quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock valued at $94,550,000 after buying an additional 1,390,904 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares Investment Grade Bond Factor ETF by 1,596.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 811,085 shares of the company’s stock worth $35,980,000 after acquiring an additional 763,278 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in iShares Investment Grade Bond Factor ETF by 113.1% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock valued at $51,987,000 after acquiring an additional 621,932 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in iShares Investment Grade Bond Factor ETF by 2,288.6% in the first quarter. Janney Montgomery Scott LLC now owns 394,339 shares of the company’s stock valued at $17,686,000 after acquiring an additional 377,830 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.