Bank of America Corp DE Reduces Stake in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Bank of America Corp DE trimmed its position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 36.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 545,307 shares of the company’s stock after selling 312,386 shares during the quarter. Bank of America Corp DE owned approximately 3.60% of iShares Investment Grade Bond Factor ETF worth $24,190,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IGEB. Glass Jacobson Investment Advisors llc raised its position in shares of iShares Investment Grade Bond Factor ETF by 222.8% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,730 shares of the company’s stock worth $77,000 after purchasing an additional 1,194 shares during the last quarter. Wells Fargo & Company MN increased its position in iShares Investment Grade Bond Factor ETF by 1,243.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,177 shares of the company’s stock worth $97,000 after buying an additional 2,015 shares in the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF in the fourth quarter worth $108,000. Principal Securities Inc. raised its holdings 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 acquiring an additional 1,970 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of iShares Investment Grade Bond Factor ETF by 43.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,375 shares of the company’s stock valued at $194,000 after acquiring an additional 1,332 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Up 1.7%

IGEB opened at $44.53 on Monday. The business’s fifty day simple moving average is $44.48 and its 200 day simple moving average is $44.67. iShares Investment Grade Bond Factor ETF has a 52 week low of $43.12 and a 52 week high of $46.76.

iShares Investment Grade Bond Factor ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1843 dividend. This is a positive change from iShares Investment Grade Bond Factor ETF’s previous dividend of $0.18. The ex-dividend date was Monday, March 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.