Hennion & Walsh Asset Management Inc. Grows Stock Position in iShares Investment Grade Bond Factor ETF (BATS:IGEB)

Hennion & Walsh Asset Management Inc. grew its position in iShares Investment Grade Bond Factor ETF (BATS:IGEB) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 740,203 shares of the company’s stock after acquiring an additional 24,813 shares during the quarter. iShares Investment Grade Bond Factor ETF accounts for 1.8% of Hennion & Walsh Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. Hennion & Walsh Asset Management Inc. owned approximately 12.99% of iShares Investment Grade Bond Factor ETF worth $33,198,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IGEB. DORVAL Corp purchased a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter valued at $9,001,000. McGlone Suttner Wealth Management Inc. purchased a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter valued at $6,061,000. Stifel Financial Corp purchased a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter valued at $4,792,000. Systelligence LLC purchased a new position in iShares Investment Grade Bond Factor ETF during the 4th quarter valued at $4,191,000. Finally, Private Advisor Group LLC boosted its holdings in iShares Investment Grade Bond Factor ETF by 68.5% during the 4th quarter. Private Advisor Group LLC now owns 216,444 shares of the company’s stock valued at $9,793,000 after acquiring an additional 87,968 shares during the period.

iShares Investment Grade Bond Factor ETF Price Performance

Shares of IGEB stock traded down $0.21 during mid-day trading on Friday, hitting $44.36. The stock had a trading volume of 157,814 shares. iShares Investment Grade Bond Factor ETF has a 12-month low of $48.61 and a 12-month high of $50.95. The firm’s 50-day moving average is $44.21 and its two-hundred day moving average is $44.49.

iShares Investment Grade Bond Factor ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a $0.1867 dividend. The ex-dividend date of this dividend was Monday, June 3rd.

iShares Investment Grade Bond Factor ETF Company 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.