State of New Jersey Common Pension Fund D Has $66.08 Million Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

State of New Jersey Common Pension Fund D grew its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 21.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,421,932 shares of the company’s stock after acquiring an additional 250,000 shares during the period. State of New Jersey Common Pension Fund D owned 9.39% of iShares Investment Grade Bond Factor ETF worth $66,077,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IGEB. Gilliland Jeter Wealth Management LLC bought a new position in iShares Investment Grade Bond Factor ETF during the second quarter valued at approximately $25,000. Assetmark Inc. bought a new position in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter valued at $29,000. Park Place Capital Corp acquired a new stake in shares of iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at $38,000. Aspire Private Capital LLC bought a new stake in iShares Investment Grade Bond Factor ETF in the second quarter worth $42,000. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in iShares Investment Grade Bond Factor ETF in the second quarter worth $60,000.

iShares Investment Grade Bond Factor ETF Price Performance

BATS IGEB traded up $0.07 during trading on Friday, hitting $45.30. 12,183,659 shares of the company traded hands. iShares Investment Grade Bond Factor ETF has a 12 month low of $48.61 and a 12 month high of $50.95. The business has a fifty day simple moving average of $45.88 and a 200 day simple moving average of $45.11.

iShares Investment Grade Bond Factor ETF Increases Dividend

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