Bank of New York Mellon Corp Reduces Stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Bank of New York Mellon Corp lowered its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 65.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,182 shares of the company’s stock after selling 223,319 shares during the period. Bank of New York Mellon Corp owned 0.79% of iShares Investment Grade Bond Factor ETF worth $5,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. World Investment Advisors LLC boosted its position in shares of iShares Investment Grade Bond Factor ETF by 15,153.5% in the third quarter. World Investment Advisors LLC now owns 953,498 shares of the company’s stock valued at $44,309,000 after acquiring an additional 947,247 shares during the period. Stratos Investment Management LLC boosted its holdings in iShares Investment Grade Bond Factor ETF by 42.4% during the 4th quarter. Stratos Investment Management LLC now owns 835,460 shares of the company’s stock valued at $37,061,000 after acquiring an additional 248,604 shares during the period. Exchange Traded Concepts LLC bought a new position in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter worth approximately $9,554,000. IHT Wealth Management LLC raised its stake in shares of iShares Investment Grade Bond Factor ETF by 48.9% during the third quarter. IHT Wealth Management LLC now owns 601,561 shares of the company’s stock valued at $27,954,000 after acquiring an additional 197,511 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in iShares Investment Grade Bond Factor ETF by 16.2% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,091,067 shares of the company’s stock worth $48,400,000 after buying an additional 152,298 shares during the period.

iShares Investment Grade Bond Factor ETF Trading Up 2.1 %

Shares of BATS IGEB opened at $44.73 on Tuesday. The company’s 50-day moving average is $44.60 and its 200 day moving average is $45.14. 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 company also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1843 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18. The ex-dividend date was Monday, March 3rd.

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.