Raymond James & Associates Grows Stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Raymond James & Associates raised its stake in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 129.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,648 shares of the company’s stock after acquiring an additional 30,308 shares during the quarter. Raymond James & Associates owned approximately 0.35% of iShares Investment Grade Bond Factor ETF worth $2,493,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. boosted its position in iShares Investment Grade Bond Factor ETF by 450.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,488,594 shares of the company’s stock valued at $287,834,000 after acquiring an additional 5,308,807 shares in the last quarter. LPL Financial LLC boosted its position in iShares Investment Grade Bond Factor ETF by 187.8% during the 2nd quarter. LPL Financial LLC now owns 2,131,417 shares of the company’s stock valued at $94,550,000 after acquiring an additional 1,390,904 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in iShares Investment Grade Bond Factor ETF by 113.1% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 1,171,932 shares of the company’s stock valued at $51,987,000 after acquiring an additional 621,932 shares in the last quarter. CWM LLC boosted its position in iShares Investment Grade Bond Factor ETF by 2.1% during the 2nd quarter. CWM LLC now owns 1,010,995 shares of the company’s stock valued at $44,848,000 after acquiring an additional 21,057 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of iShares Investment Grade Bond Factor ETF by 16.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 859,667 shares of the company’s stock worth $38,135,000 after purchasing an additional 119,464 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Price Performance

iShares Investment Grade Bond Factor ETF stock opened at $45.13 on Wednesday. iShares Investment Grade Bond Factor ETF has a 1-year low of $48.61 and a 1-year high of $50.95. The business has a fifty day moving average price of $45.93 and a 200-day moving average price of $45.09.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a $0.1867 dividend. This is a boost from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.17. The ex-dividend date was Tuesday, September 3rd.

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.