iShares Investment Grade Bond Factor ETF (BATS:IGEB) Stake Raised by CPA Asset Management LLC

CPA Asset Management LLC lifted its holdings in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 19.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,090 shares of the company’s stock after buying an additional 11,581 shares during the period. iShares Investment Grade Bond Factor ETF makes up about 1.6% of CPA Asset Management LLC’s investment portfolio, making the stock its 16th largest holding. CPA Asset Management LLC owned about 0.48% of iShares Investment Grade Bond Factor ETF worth $3,350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IGEB. Brookstone Capital Management acquired a new position in iShares Investment Grade Bond Factor ETF during the 2nd quarter valued at about $1,019,000. 1620 Investment Advisors Inc. lifted its position in iShares Investment Grade Bond Factor ETF by 12.9% in the second quarter. 1620 Investment Advisors Inc. now owns 11,573 shares of the company’s stock worth $513,000 after purchasing an additional 1,326 shares during the period. Executive Wealth Management LLC acquired a new stake in iShares Investment Grade Bond Factor ETF in the second quarter worth approximately $227,000. PNC Financial Services Group Inc. bought a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter valued at $113,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF during the 2nd quarter valued at $603,000.

iShares Investment Grade Bond Factor ETF Stock Performance

Shares of iShares Investment Grade Bond Factor ETF stock opened at $45.41 on Wednesday. The business has a fifty day simple moving average of $46.08 and a 200-day simple moving average of $45.00. iShares Investment Grade Bond Factor ETF has a fifty-two week low of $48.61 and a fifty-two week high of $50.95.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1867 per share. 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 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.