Pettinga Financial Advisors LLC Acquires 1,521 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Pettinga Financial Advisors LLC lifted its holdings in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 22.5% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,272 shares of the company’s stock after buying an additional 1,521 shares during the period. Pettinga Financial Advisors LLC owned about 0.05% of iShares Investment Grade Bond Factor ETF worth $384,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IGEB. Gilliland Jeter Wealth Management LLC bought a new position in shares of iShares Investment Grade Bond Factor ETF in the second quarter worth about $25,000. Park Place Capital Corp acquired a new position in iShares Investment Grade Bond Factor ETF during the 2nd quarter worth approximately $38,000. Aspire Private Capital LLC bought a new position in iShares Investment Grade Bond Factor ETF in the 2nd quarter valued at approximately $42,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $60,000. Finally, International Assets Investment Management LLC acquired a new stake in iShares Investment Grade Bond Factor ETF in the second quarter valued at approximately $83,000.

iShares Investment Grade Bond Factor ETF Trading Down 0.3 %

Shares of BATS:IGEB opened at $45.28 on Friday. iShares Investment Grade Bond Factor ETF has a 52-week low of $48.61 and a 52-week high of $50.95. The company has a fifty day moving average of $46.06 and a 200-day moving average of $45.01.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

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.