Investment Advisory Group LLC Takes Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Investment Advisory Group LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,732 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares Investment Grade Bond Factor ETF by 450.0% during the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock worth $287,834,000 after buying an additional 5,308,807 shares during the period. LPL Financial LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF by 187.8% during 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 during the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of iShares Investment Grade Bond Factor ETF by 113.1% during 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 during the last quarter. CWM LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF by 2.1% during the second quarter. CWM LLC now owns 1,010,995 shares of the company’s stock worth $44,848,000 after purchasing an additional 21,057 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of iShares Investment Grade Bond Factor ETF by 16.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 859,667 shares of the company’s stock worth $38,135,000 after purchasing an additional 119,464 shares during the last quarter.

iShares Investment Grade Bond Factor ETF Stock Up 0.3 %

Shares of BATS:IGEB traded up $0.16 on Tuesday, hitting $45.90. 105,051 shares of the company’s stock were exchanged. The business’s 50 day simple moving average is $46.03 and its two-hundred day simple moving average is $44.94. iShares Investment Grade Bond Factor ETF has a 12 month low of $48.61 and a 12 month high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

About iShares Investment Grade Bond Factor ETF

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.