iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Here’s What Happened

iShares Investment Grade Bond Factor ETF (BATS:IGEB) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $45.46 and last traded at $45.46, with a volume of 142416 shares traded. The stock had previously closed at $45.56.

iShares Investment Grade Bond Factor ETF Price Performance

The firm’s 50-day moving average is $45.40 and its 200-day moving average is $45.28.

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

Several large investors have recently bought and sold shares of IGEB. Gilliland Jeter Wealth Management LLC purchased a new stake in iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at about $25,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of iShares Investment Grade Bond Factor ETF during the third quarter valued at approximately $26,000. Assetmark Inc. bought a new stake in iShares Investment Grade Bond Factor ETF during the third quarter worth $29,000. Aspire Private Capital LLC purchased a new position in iShares Investment Grade Bond Factor ETF in the second quarter worth $42,000. Finally, FMR LLC grew its stake in iShares Investment Grade Bond Factor ETF by 46,350.0% in the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock valued at $43,000 after purchasing an additional 927 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.