iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 1-Year Low – Time to Sell?

Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) reached a new 52-week low on Monday . The company traded as low as $44.12 and last traded at $44.65, with a volume of 148962 shares trading hands. The stock had previously closed at $43.79.

iShares Investment Grade Bond Factor ETF Price Performance

The company has a 50-day simple moving average of $44.56 and a 200-day simple moving average of $45.27.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1833 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Hedge Funds Weigh In On iShares Investment Grade Bond Factor ETF

Large investors have recently made changes to their positions in the company. 1620 Investment Advisors Inc. boosted its holdings in iShares Investment Grade Bond Factor ETF by 12.2% in the fourth quarter. 1620 Investment Advisors Inc. now owns 13,743 shares of the company’s stock valued at $610,000 after acquiring an additional 1,498 shares during the last quarter. FreeGulliver LLC lifted its stake in shares of iShares Investment Grade Bond Factor ETF by 12.2% in the 4th quarter. FreeGulliver LLC now owns 51,086 shares of the company’s stock valued at $2,266,000 after purchasing an additional 5,535 shares during the period. Parallel Advisors LLC boosted its position in shares of iShares Investment Grade Bond Factor ETF by 8.3% in the 4th quarter. Parallel Advisors LLC now owns 481,882 shares of the company’s stock worth $21,376,000 after purchasing an additional 36,825 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of iShares Investment Grade Bond Factor ETF by 45.7% during the fourth quarter. Harbour Investments Inc. now owns 79,050 shares of the company’s stock worth $3,507,000 after purchasing an additional 24,800 shares during the period. Finally, Tidemark LLC increased its holdings in iShares Investment Grade Bond Factor ETF by 12.7% in the fourth quarter. Tidemark LLC now owns 45,737 shares of the company’s stock valued at $2,029,000 after purchasing an additional 5,165 shares during 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.