Nations Financial Group Inc. IA ADV Reduces Stock Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Nations Financial Group Inc. IA ADV trimmed its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 9.4% in the third quarter, Holdings Channel.com reports. The fund owned 10,335 shares of the company’s stock after selling 1,078 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in iShares Investment Grade Bond Factor ETF were worth $480,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IGEB. Envestnet Asset Management Inc. raised its holdings in iShares Investment Grade Bond Factor ETF by 450.0% during the second quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock worth $287,834,000 after purchasing an additional 5,308,807 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares Investment Grade Bond Factor ETF by 187.8% in the second quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock valued at $94,550,000 after buying an additional 1,390,904 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares Investment Grade Bond Factor ETF by 1,596.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 811,085 shares of the company’s stock worth $35,980,000 after buying an additional 763,278 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of iShares Investment Grade Bond Factor ETF by 113.1% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock worth $51,987,000 after buying an additional 621,932 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in iShares Investment Grade Bond Factor ETF by 323.2% in the 2nd quarter. Cetera Investment Advisers now owns 557,939 shares of the company’s stock valued at $24,750,000 after acquiring an additional 426,114 shares during the last quarter.

iShares Investment Grade Bond Factor ETF Stock Performance

Shares of IGEB opened at $44.82 on Thursday. iShares Investment Grade Bond Factor ETF has a 12-month low of $48.61 and a 12-month high of $50.95. The company has a 50-day moving average of $45.83 and a two-hundred day moving average of $45.14.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1867 per share. This is an increase 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.