Concorde Asset Management LLC Makes New Investment in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Concorde Asset Management LLC purchased a new position in iShares Investment Grade Bond Factor ETF (BATS:IGEB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,937 shares of the company’s stock, valued at approximately $276,000.

Other large investors have also added to or reduced their stakes in the company. Axxcess Wealth Management LLC bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the 1st quarter valued at about $279,000. Ascent Group LLC boosted its stake in shares of iShares Investment Grade Bond Factor ETF by 2.9% during the 1st quarter. Ascent Group LLC now owns 22,999 shares of the company’s stock valued at $1,032,000 after purchasing an additional 656 shares in the last quarter. Atria Investments Inc bought a new stake in shares of iShares Investment Grade Bond Factor ETF during the 1st quarter valued at about $1,407,000. Cetera Investment Advisers boosted its stake in shares of iShares Investment Grade Bond Factor ETF by 189.8% during the 1st quarter. Cetera Investment Advisers now owns 131,825 shares of the company’s stock valued at $5,912,000 after purchasing an additional 86,341 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of iShares Investment Grade Bond Factor ETF by 111.6% during the 1st quarter. Cetera Advisors LLC now owns 34,476 shares of the company’s stock valued at $1,546,000 after purchasing an additional 18,185 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Price Performance

Shares of BATS IGEB opened at $44.85 on Friday. iShares Investment Grade Bond Factor ETF has a 1 year low of $48.61 and a 1 year high of $50.95. The firm has a 50-day moving average of $45.69 and a 200 day moving average of $45.18.

iShares Investment Grade Bond Factor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.1867 per share. 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.

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.