iShares Investment Grade Bond Factor ETF (BATS:IGEB) Sets New 12-Month Low at $46.48

iShares Investment Grade Bond Factor ETF (BATS:IGEB)’s share price hit a new 52-week low on Monday . The stock traded as low as $46.48 and last traded at $46.63, with a volume of 167576 shares changing hands. The stock had previously closed at $46.48.

iShares Investment Grade Bond Factor ETF Stock Performance

The firm has a 50 day moving average price of $45.56 and a two-hundred day moving average price of $44.73.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1867 per share. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17.

Institutional Trading of iShares Investment Grade Bond Factor ETF

Several large investors have recently modified their holdings of IGEB. Envestnet Asset Management Inc. grew its stake 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 worth $287,834,000 after purchasing an additional 5,308,807 shares in the last quarter. LPL Financial LLC grew its stake in iShares Investment Grade Bond Factor ETF by 187.8% in the second quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock worth $94,550,000 after purchasing an additional 1,390,904 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in iShares Investment Grade Bond Factor ETF by 1,596.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 811,085 shares of the company’s stock worth $35,980,000 after purchasing an additional 763,278 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake 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 worth $51,987,000 after purchasing an additional 621,932 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in iShares Investment Grade Bond Factor ETF by 323.2% in the second quarter. Cetera Investment Advisers now owns 557,939 shares of the company’s stock worth $24,750,000 after purchasing an additional 426,114 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.