Keystone Financial Services Decreases Stock Holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Keystone Financial Services lowered its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,867 shares of the company’s stock after selling 345 shares during the period. Keystone Financial Services owned about 0.08% of iShares Investment Grade Bond Factor ETF worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IGEB. Gilliland Jeter Wealth Management LLC purchased a new stake in iShares Investment Grade Bond Factor ETF during the second quarter worth about $25,000. Assetmark Inc. acquired a new position in iShares Investment Grade Bond Factor ETF during the third quarter worth about $29,000. Park Place Capital Corp acquired a new position in iShares Investment Grade Bond Factor ETF during the second quarter worth about $38,000. Aspire Private Capital LLC acquired a new position in iShares Investment Grade Bond Factor ETF during the second quarter worth about $42,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in iShares Investment Grade Bond Factor ETF during the second quarter worth about $60,000.

iShares Investment Grade Bond Factor ETF Stock Performance

Shares of IGEB opened at $45.21 on Tuesday. The company has a 50-day moving average of $45.87 and a two-hundred day moving average of $45.14. 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 firm also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.1867 per share. 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 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.