iShares Investment Grade Bond Factor ETF (BATS:IGEB) Shares Bought by Convergence Financial LLC

Convergence Financial LLC lifted its position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 8.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,359 shares of the company’s stock after buying an additional 2,388 shares during the quarter. Convergence Financial LLC owned approximately 0.19% of iShares Investment Grade Bond Factor ETF worth $1,302,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in iShares Investment Grade Bond Factor ETF during the third quarter worth about $26,000. Assetmark Inc. purchased a new position in shares of iShares Investment Grade Bond Factor ETF during the 3rd quarter worth about $29,000. FMR LLC boosted 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 acquiring an additional 927 shares during the last quarter. Midwest Capital Advisors LLC purchased a new stake in iShares Investment Grade Bond Factor ETF in the fourth quarter valued at approximately $108,000. Finally, Principal Securities Inc. increased its position in iShares Investment Grade Bond Factor ETF by 207.6% during 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 last quarter.

iShares Investment Grade Bond Factor ETF Trading Up 3.3 %

Shares of IGEB opened at $45.21 on Thursday. The company’s fifty day moving average is $44.45 and its two-hundred day moving average is $45.23. iShares Investment Grade Bond Factor ETF has a fifty-two week low of $48.61 and a fifty-two week high of $50.95.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.1833 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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.