NewEdge Advisors LLC Has $7.52 Million Stock Holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

NewEdge Advisors LLC lifted its holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 1,038.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,546 shares of the company’s stock after buying an additional 154,652 shares during the period. NewEdge Advisors LLC owned about 1.12% of iShares Investment Grade Bond Factor ETF worth $7,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gilliland Jeter Wealth Management LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at $25,000. Park Place Capital Corp acquired a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at $38,000. Aspire Private Capital LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at $42,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at $60,000. Finally, International Assets Investment Management LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the second quarter valued at $83,000.

iShares Investment Grade Bond Factor ETF Price Performance

IGEB opened at $46.48 on Tuesday. iShares Investment Grade Bond Factor ETF has a 1 year low of $48.61 and a 1 year high of $50.95. The stock has a fifty day moving average price of $45.85 and a 200 day moving average price of $44.85.

iShares Investment Grade Bond Factor ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued 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 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.