Convergence Financial LLC Acquires 2,388 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Convergence Financial LLC raised its stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 8.9% in the fourth quarter, Holdings Channel reports. The fund owned 29,359 shares of the company’s stock after purchasing an additional 2,388 shares during the quarter. Convergence Financial LLC’s holdings in iShares Investment Grade Bond Factor ETF were worth $1,302,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates grew its position in iShares Investment Grade Bond Factor ETF by 129.9% during the 3rd quarter. Raymond James & Associates now owns 53,648 shares of the company’s stock worth $2,493,000 after acquiring an additional 30,308 shares during the last quarter. Integrated Advisors Network LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the third quarter valued at about $586,000. ADE LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the third quarter worth about $272,000. SteelPeak Wealth LLC increased its stake in shares of iShares Investment Grade Bond Factor ETF by 11.3% in the third quarter. SteelPeak Wealth LLC now owns 83,859 shares of the company’s stock valued at $3,897,000 after buying an additional 8,546 shares during the period. Finally, 1620 Investment Advisors Inc. raised its holdings in iShares Investment Grade Bond Factor ETF by 5.8% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 12,245 shares of the company’s stock valued at $569,000 after buying an additional 672 shares during the last quarter.

iShares Investment Grade Bond Factor ETF Trading Up 3.3 %

BATS:IGEB opened at $45.21 on Thursday. iShares Investment Grade Bond Factor ETF has a one year low of $48.61 and a one year high of $50.95. The firm’s 50 day simple moving average is $44.45 and its 200 day simple moving average is $45.23.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.1833 dividend. The ex-dividend date was Monday, February 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.