Founders Financial Securities LLC Acquires 7,639 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Founders Financial Securities LLC raised its holdings in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 74.3% during the first quarter, HoldingsChannel reports. The firm owned 17,924 shares of the company’s stock after purchasing an additional 7,639 shares during the period. Founders Financial Securities LLC’s holdings in iShares Investment Grade Bond Factor ETF were worth $804,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IGEB. McGlone Suttner Wealth Management Inc. bought a new position in shares of iShares Investment Grade Bond Factor ETF during the 4th quarter worth approximately $6,061,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of iShares Investment Grade Bond Factor ETF during the fourth quarter worth $253,000. Waller Financial Planning Group Inc. lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 0.8% during the 1st quarter. Waller Financial Planning Group Inc. now owns 473,950 shares of the company’s stock valued at $21,257,000 after purchasing an additional 3,545 shares during the last quarter. SouthState Corp acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the 4th quarter worth $56,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter worth $825,000.

iShares Investment Grade Bond Factor ETF Trading Down 0.5 %

BATS:IGEB traded down $0.21 during mid-day trading on Friday, hitting $44.36. 157,814 shares of the company’s stock traded hands. The company has a fifty day moving average of $44.21 and a 200 day moving average of $44.49. iShares Investment Grade Bond Factor ETF has a twelve month low of $48.61 and a twelve month high of $50.95.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.1689 dividend. The ex-dividend date is Monday, July 1st.

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.