Sovran Advisors LLC Purchases New Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Sovran Advisors LLC acquired a new position in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) in the 4th quarter, Holdings Channel.com reports. The firm acquired 16,581 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of iShares Investment Grade Bond Factor ETF during the third quarter worth approximately $26,000. Assetmark Inc. acquired a new position in iShares Investment Grade Bond Factor ETF in the 3rd quarter valued at $29,000. FMR LLC increased its position in iShares Investment Grade Bond Factor ETF by 46,350.0% during the 3rd quarter. FMR LLC now owns 929 shares of the company’s stock worth $43,000 after buying an additional 927 shares during the period. Investment Advisory Group LLC acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the third quarter worth $220,000. Finally, Tsfg LLC lifted its holdings in shares of iShares Investment Grade Bond Factor ETF by 27.6% during the third quarter. Tsfg LLC now owns 4,998 shares of the company’s stock worth $232,000 after buying an additional 1,080 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Performance

IGEB stock opened at $44.51 on Wednesday. iShares Investment Grade Bond Factor ETF has a 52 week low of $48.61 and a 52 week high of $50.95. The company’s 50-day simple moving average is $44.56 and its 200 day simple moving average is $45.27.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued 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.