Private Advisor Group LLC Sells 42,301 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Private Advisor Group LLC cut its stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 14.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,849 shares of the company’s stock after selling 42,301 shares during the quarter. Private Advisor Group LLC owned 1.72% of iShares Investment Grade Bond Factor ETF worth $12,122,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Gilliland Jeter Wealth Management LLC bought a new stake in iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $25,000. Park Place Capital Corp bought a new stake in shares of iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at $38,000. Aspire Private Capital LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the 2nd quarter worth $42,000. Oliver Lagore Vanvalin Investment Group bought a new position in iShares Investment Grade Bond Factor ETF during the second quarter worth about $60,000. Finally, International Assets Investment Management LLC acquired a new position in iShares Investment Grade Bond Factor ETF in the second quarter valued at about $83,000.

iShares Investment Grade Bond Factor ETF Stock Up 0.3 %

BATS IGEB opened at $45.40 on Friday. iShares Investment Grade Bond Factor ETF has a one year low of $48.61 and a one year high of $50.95. The stock’s 50-day moving average is $46.06 and its 200-day moving average is $45.00.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

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.