Raymond James Financial Inc. Makes New $8.74 Million Investment in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Raymond James Financial Inc. purchased a new position in iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 197,000 shares of the company’s stock, valued at approximately $8,739,000. Raymond James Financial Inc. owned 1.30% of iShares Investment Grade Bond Factor ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Investment Grade Bond Factor ETF in the third quarter worth $26,000. FMR LLC increased its position in shares of iShares Investment Grade Bond Factor ETF by 46,350.0% in the third quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after purchasing an additional 927 shares during the period. Midwest Capital Advisors LLC bought a new position in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter worth $108,000. Principal Securities Inc. increased its position in shares of iShares Investment Grade Bond Factor ETF by 207.6% in the fourth quarter. Principal Securities Inc. now owns 2,919 shares of the company’s stock worth $129,000 after purchasing an additional 1,970 shares during the period. Finally, Able Wealth Management LLC acquired a new stake in iShares Investment Grade Bond Factor ETF in the fourth quarter valued at about $221,000.

iShares Investment Grade Bond Factor ETF Stock Up 2.7 %

BATS:IGEB opened at $44.97 on Friday. iShares Investment Grade Bond Factor ETF has a twelve month low of $43.28 and a twelve month high of $46.76. The stock’s 50-day simple moving average is $44.66 and its 200 day simple moving average is $45.13.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders 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.

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.