PNC Financial Services Group Inc. Boosts Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

PNC Financial Services Group Inc. raised its stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 43.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,375 shares of the company’s stock after buying an additional 1,332 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Investment Grade Bond Factor ETF were worth $194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in IGEB. World Investment Advisors LLC boosted its holdings 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 purchasing an additional 947,247 shares during the period. BlueStem Wealth Partners LLC purchased a new stake in shares of iShares Investment Grade Bond Factor ETF in the 4th quarter worth $13,183,000. Stratos Investment Management LLC grew its position in shares of 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 worth $37,061,000 after buying an additional 248,604 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of iShares Investment Grade Bond Factor ETF during the fourth quarter valued at $9,554,000. Finally, IHT Wealth Management LLC raised its holdings in shares of iShares Investment Grade Bond Factor ETF by 48.9% in 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 in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Up 2.7 %

BATS:IGEB opened at $44.97 on Monday. iShares Investment Grade Bond Factor ETF has a 1-year low of $43.28 and a 1-year high of $46.76. The company has a 50-day moving average of $44.66 and a 200 day moving average of $45.12.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

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.