iShares Investment Grade Bond Factor ETF (BATS:IGEB) Position Decreased by First Horizon Advisors Inc.

First Horizon Advisors Inc. lowered its holdings in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 53.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,916 shares of the company’s stock after selling 6,838 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Investment Grade Bond Factor ETF were worth $262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Able Wealth Management LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the fourth quarter worth $221,000. Private Advisor Group LLC increased its stake in iShares Investment Grade Bond Factor ETF by 8.7% in the 4th quarter. Private Advisor Group LLC now owns 283,641 shares of the company’s stock worth $12,582,000 after purchasing an additional 22,792 shares in the last quarter. Systelligence LLC increased its stake in iShares Investment Grade Bond Factor ETF by 5.7% in the 4th quarter. Systelligence LLC now owns 90,803 shares of the company’s stock worth $4,028,000 after purchasing an additional 4,931 shares in the last quarter. Copperleaf Capital LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the 4th quarter worth about $1,021,000. Finally, Principal Securities Inc. lifted its stake 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 valued at $129,000 after buying an additional 1,970 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Trading Up 3.1 %

Shares of IGEB opened at $45.16 on Wednesday. The company has a 50-day moving average of $44.45 and a two-hundred day moving average of $45.23. iShares Investment Grade Bond Factor ETF has a one year low of $48.61 and a one year high of $50.95.

iShares Investment Grade Bond Factor ETF Cuts Dividend

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