Axxcess Wealth Management LLC Sells 274 Shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Axxcess Wealth Management LLC cut its holdings in shares of iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,164 shares of the company’s stock after selling 274 shares during the period. Axxcess Wealth Management LLC owned approximately 0.07% of iShares Investment Grade Bond Factor ETF worth $451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares Investment Grade Bond Factor ETF during the third quarter worth about $26,000. FMR LLC raised its holdings 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. Midwest Capital Advisors LLC acquired a new stake in iShares Investment Grade Bond Factor ETF during the 4th quarter worth approximately $108,000. Principal Securities Inc. boosted 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 valued at $129,000 after buying an additional 1,970 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of iShares Investment Grade Bond Factor ETF by 43.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,375 shares of the company’s stock worth $194,000 after acquiring an additional 1,332 shares in the last quarter.

iShares Investment Grade Bond Factor ETF Stock Up 2.7 %

IGEB opened at $44.97 on Friday. iShares Investment Grade Bond Factor ETF has a 12 month low of $43.28 and a 12 month high of $46.76. The firm’s fifty day simple moving average is $44.66 and its 200 day simple moving average is $45.13.

iShares Investment Grade Bond Factor ETF Increases Dividend

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

iShares Investment Grade Bond Factor ETF 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.