NewEdge Advisors LLC Acquires 154,652 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

NewEdge Advisors LLC lifted its holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 1,038.4% during the second quarter, HoldingsChannel reports. The firm owned 169,546 shares of the company’s stock after purchasing an additional 154,652 shares during the period. NewEdge Advisors LLC’s holdings in iShares Investment Grade Bond Factor ETF were worth $7,521,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in IGEB. Stifel Financial Corp bought a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at about $4,792,000. PNC Financial Services Group Inc. bought a new position in iShares Investment Grade Bond Factor ETF during the fourth quarter valued at about $113,000. Park Avenue Securities LLC increased its stake in iShares Investment Grade Bond Factor ETF by 35.1% during the first quarter. Park Avenue Securities LLC now owns 32,452 shares of the company’s stock valued at $1,455,000 after acquiring an additional 8,440 shares during the period. RFG Advisory LLC increased its stake in iShares Investment Grade Bond Factor ETF by 7.7% during the first quarter. RFG Advisory LLC now owns 61,964 shares of the company’s stock valued at $2,779,000 after acquiring an additional 4,405 shares during the period. Finally, Dohj LLC increased its stake in iShares Investment Grade Bond Factor ETF by 3.0% during the first quarter. Dohj LLC now owns 34,376 shares of the company’s stock valued at $1,542,000 after acquiring an additional 1,000 shares during the period.

iShares Investment Grade Bond Factor ETF Stock Down 0.1 %

BATS IGEB opened at $46.48 on Tuesday. The stock’s 50 day moving average is $45.85 and its two-hundred day moving average is $44.85. iShares Investment Grade Bond Factor ETF has a 1-year low of $48.61 and a 1-year high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

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.