LPL Financial LLC Has $58.52 Million Stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

LPL Financial LLC reduced its position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 40.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,319,131 shares of the company’s stock after selling 886,963 shares during the period. LPL Financial LLC owned approximately 8.71% of iShares Investment Grade Bond Factor ETF worth $58,517,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 113.0% during the third quarter. Thrivent Financial for Lutherans now owns 47,300 shares of the company’s stock worth $2,198,000 after buying an additional 25,097 shares in the last quarter. FMR LLC raised its stake in iShares Investment Grade Bond Factor ETF by 46,350.0% in the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after purchasing an additional 927 shares in the last quarter. CreativeOne Wealth LLC boosted its holdings in iShares Investment Grade Bond Factor ETF by 131.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 124,328 shares of the company’s stock valued at $5,778,000 after purchasing an additional 70,657 shares during the period. True Vision MN LLC grew its position in shares of iShares Investment Grade Bond Factor ETF by 2.8% during the 3rd quarter. True Vision MN LLC now owns 28,034 shares of the company’s stock worth $1,303,000 after purchasing an additional 768 shares in the last quarter. Finally, Stone House Investment Management LLC raised its position in shares of iShares Investment Grade Bond Factor ETF by 10.4% in the third quarter. Stone House Investment Management LLC now owns 16,243 shares of the company’s stock valued at $755,000 after buying an additional 1,526 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Price Performance

Shares of BATS:IGEB opened at $44.74 on Thursday. The business’s 50 day simple moving average is $44.72 and its 200 day simple moving average is $45.10. iShares Investment Grade Bond Factor ETF has a 1 year low of $43.28 and a 1 year high of $46.76.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1843 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18.

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.