Avantax Advisory Services Inc. Sells 33,492 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Avantax Advisory Services Inc. lessened its stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 86.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,162 shares of the company’s stock after selling 33,492 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares Investment Grade Bond Factor ETF were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IGEB. Coldstream Capital Management Inc. increased its position in iShares Investment Grade Bond Factor ETF by 4.8% during the third quarter. Coldstream Capital Management Inc. now owns 5,355 shares of the company’s stock valued at $249,000 after acquiring an additional 243 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at about $26,000. National Bank of Canada FI increased its position in shares of iShares Investment Grade Bond Factor ETF by 6.3% during the 3rd quarter. National Bank of Canada FI now owns 11,940 shares of the company’s stock valued at $555,000 after purchasing an additional 707 shares during the last quarter. True Vision MN LLC lifted its stake in shares of iShares Investment Grade Bond Factor ETF by 2.8% in the 3rd quarter. True Vision MN LLC now owns 28,034 shares of the company’s stock worth $1,303,000 after purchasing an additional 768 shares during the period. Finally, FMR LLC boosted its holdings in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% in the third quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after buying an additional 927 shares during the last quarter.

iShares Investment Grade Bond Factor ETF Stock Up 2.2 %

Shares of IGEB stock opened at $44.74 on Thursday. The company has a 50 day simple moving average of $44.72 and a two-hundred day simple moving average of $45.10. iShares Investment Grade Bond Factor ETF has a 12 month low of $43.28 and a 12 month high of $46.76.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.1843 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18. The ex-dividend date was Monday, March 3rd.

iShares Investment Grade Bond Factor ETF 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.